Since the first public offering in 1985 asset backed securities (ABS) are one of the most rapidly growing segments of the U.S. capital markets. Finding its genesis in the refinancing of mortgages in the United States, ABS are structured by packaging a pool of financial assets, such as automobile...

A large part of the current debate on US stock price behaviorconcentrates on the question of whether stock prices are driven byfundamentals or by non-fundamental factors(...)