securitized mortgages. This paper uses the impact of one such sharp rule, the conforming loan limit, on securitization volumes. We … securitization activity in years following such a billion-dollar disaster. Such increase is larger in neighborhoods for which such a …

expectancy and a major expansion in securitization and shadow banking activities. We argue they are intimately related. Agents … heavily on intermediaries that use securitization, with riskier but higher returns. A quantitative evaluation of the model … more extensive use of securitization and shadow banking …

For nearly a decade prior to the collapse of structured finance markets in late 2007, securitization by collateralized … whether securitization was associated with risky lending in the corporate loan market by examining the performance of … underperform the rest of the loan portfolio. Overall, we argue that the securitization of corporate loans is fundamentally …

become significantly more favorable due to securitization. Securitization also leads to an expansion in credit on the …. Finally, the 2008 collapse in securitization leads to a reversal in local lending channel …

that banks used this form of securitization to concentrate, rather than disperse, financial risks in the banking sector …