- Innovations in creadit risk transfer: implications for financial stability(by Darrell Duffie)
- 1. Recent credit risk transfer activity
- 2. Why does a bank transfer credit risk?
- 3. What credit risk to keep, and what to transfer?
- 3.1 Fractional retention as a signal of commitmen
- 4. Collateralised debt obligations
- 4.1 Theories of CDO design
- 4.2 Specialty finance companies
- 4.3 Default correlation: roadblock ahead?
- 4.4 CLO design illustration
Persistent link: https://www.econbiz.de/10009302515