. First, it demonstrates that the bubble was a supply-side phenomenon attributable to an excess of mispriced mortgage finance …: mortgage-finance spreads declined and volume increased, even as risk increased—a confluence attributable only to an oversupply … of mortgage finance. Second, it explains the mortgage-finance supply glut as resulting from the failure of markets to …

future. Hedging unknown catastrophic risks requires a blend of skills from the securities and the insurance industries. By …

We build a general equilibrium model of bank competition in which securitization is the banks�optimal choice. A …

This paper empirically analyzes a particular type of notes observed in securitization transactions: combination notes …. Combination notes are formed by combining parts of two or more tranches of securitization transactions, where one part usually …

cause’s major implications and deterrents. Ultimately, this analysis reveals through graph theory the interconnections among …

This article analyses the effect of security price on the behaviour of bank securitization. We present a model of bank … securitization in which security price together with liquid constraints create the incentive for banks to originate and sell assets … incentive to conduct strategic securitization and the moral hazard problem is serious. Our main idea has been supported by the …

securitisation is conducive to the optimal hedging of bank interest rate risk. The empirical results reported in this work suggest …