Subprime mortgage default rates, spread volatility and contagion to stock markets. by Choo, Choi Harn., Goh, Eric Hong Leong., Teh, Gim Aik.

“…This thesis studies (i) the impact of the subprime mortgage crisis on the mortgage-backed CDS market and equity markets using the ABX.HE indices and the S&P 500 and DJIA Index, (ii) the underlying parameters such as implied spreads, default probabilities and long-term implications of the subprime mortgage crisis.…”
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An empirical analysis of three local banks' performance over a ten-year period. by Leo, Hee Xun., Lim, Wei Xiang., Sim, Andrew Yun Wen.

“…This paper seeks to investigate Singapore’s banking sector performance based on their abnormal returns during the global financial crisis, caused by the United States subprime mortgage crisis. Viewed as one of the most dramatic crisis to date, the 2008 crisis created an economic pandemic that affected the global economy, particularly financial institutions such as banks. …”
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Effect of counterparty risk on CDS spreads during crisis. by Teo, Gilbert Kwang Yong., Ng, Ronald Jia Sheng.

“…For our study, we use the 2008 subprime mortgage crisis period and the collapse of the Lehman Brothers which is a big counterparty during the crisis as a proxy for the effect of counterparty risk on the CDS spread. …”
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Archimedean copula in the computation of value-at-risk : an application to Singapore stock market. by Wu, Daniel Yuelong., Mok, Shiao Wai., Sim, Jian Wei., Tan, Wei Qin.

“…The data will then undergo backtesting in extreme market conditions developed due to the subprime mortgage crisis in the U.S during FY 2008-2009. The findings show that Archimedean Copula gives a better estimate of VaR in terms of percentage change of portfolio return and the estimated distribution of returns for the portfolio in the extreme market condition.…”
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Dynamic strategy performance in Asian markets by Chin, Sharon Shuyan, Chong, Adeline Pei Ling, Yang, Junrong

“…This study finds that while a dynamically balanced, insured portfolio will not outperform a static mix portfolio over the long run, it is superior to the constant mix portfolio and can provide downside protection in abnormal market conditions like the US subprime mortgage crisis in 2008. Also, increasing bond holdings enhances portfolio performance for all strategies. …”
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An economic model of shadow banking : double tranches and heterogeneous risk tolerance by Hu, Zehui, Long, Zijie, Yang, Yi

“…However, repercussions of the subprime mortgage crisis have prompted regulators to contemplate broader perspectives on securitization to mitigate risk and ensure systemic stability. …”
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Critical transitions in housing markets by Ho, Marcus Jun Ru

“…We have seen catastrophic damages caused by previous housing market crashes such as the Japanese Asset Price Bubble of the 1990s and the United States Subprime Mortgage Crisis, which led to Japan's Lost Decade and Global Financial Crisis respectively. …”
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Singapore government-linked Companies vs. non-government-linked companies : is there a performance differential? by Ang, Clement Yong Keong, Goh, Gerald Wencong, Ho, Ashley Zhi Xuan

“…Sub-sample Difference-in-Difference (DID) regressions were also utilized to explore performance differentials during two crisis periods: the 2008 subprime mortgage crisis, and the 2020 Covid pandemic. Our results find no statistically significant difference in performances between GLCs and non-GLCs in Singapore, contrary to much of the literature in other parts of the world. …”
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