. 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 …

market segments is the use of securitization mechanism for refinancing of bank assets and liabilities of insurance companies … securitization, studies the current level of securitization development in Ukraine and assesses the potential of the domestic stock … market as one of the main growth factors for the securitization of banking assets and insurance liabilities. …

This article discusses the problem of asset securitization in Russia, its distinctive features, perspectives and ways …

, securitization and bank risk-taking in a context of the rapid growth in off-balance-sheet activities. The data come from the Canadian … financial sector. Evidence from the 1988-1998 period indicates that: (a) securitization has a negative statistical link with … securitization and bank risk-taking. Profit-risk measure is more sensitive than loss-risk measure to the variation in securitization …

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

the crisis is that business cycles are for real and here to stay. The securitization of consumer debt magnified the losses …