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

We survey the literature on securitization and lay out a research program for its open questions. Securitization is the … markets. Securitization has grown from a small amount in 1990 to a pre-crisis issuance amount that makes it one of the largest … of the recent financial crisis. Nevertheless, despite the transformative effect of securitization on financial …

-term market that provides financing for a wide range of securitization activities and financial institutions. Repo transactions … are collateralized, frequently with securitized bonds. We refer to the combination of securitization plus repo finance as …

explanation for the low number of modifications to date than contract frictions related to securitization agreements between …

the U.S. would experience a sudden stop of capital flows, which would unavoidably drag the world economy into a deep … instead that the root imbalance was of a different kind: The entire world had an insatiable demand for safe debt instruments …. Essentially, the financial sector was able to create "safe" assets from the securitization of lower quality ones, but at the cost …