Altunbas, Yener; Leuvensteijn, Michiel van; … - Bangor Business School, Bangor University - 2013
We find that the increased use of securitization activity in the banking sector augmented the effect of competition on realized bank risk during the 2007-2009 crisis. Our results suggest that securitization by itself does not lead to augmented risk while higher levels of capital do not buffer...