centuries. This shift also compromised the role of banks in channeling monetary policy initiatives, and undermined the … that banks resorting to securitisation do not, on average, achieve an unambiguous reduction in their exposure to the term … structure fluctuations. Against this background, banks with very high involvement in the originate-to-distribute market enjoy …

We build a general equilibrium model of bank competition in which securitization is the banks�optimal choice. A … and Wright (2001). A key feature of the model is that banks face heterogeneous projects and they can use their lending … rate as a tool to compete for good projects. The competition of banks lowers the lending rate, which in turn results in a …

securitization in which security price together with liquid constraints create the incentive for banks to originate and sell assets …This article analyses the effect of security price on the behaviour of bank securitization. We present a model of bank … backed securities to investors. Banks have a comparative advantage in locating and screening projects within their locality …

By using data from 8 depository institutions in Turkey we evaluate the drivers of securitization between 2004 and 2009 …. Our analysis shows that previous period securitization as well as bank equity, level of profits and asset size are … important factors in a bank’s decision to securitize its loan portfolio. Banks’ on-balance sheet liquidity on the other hand is …

" borrowers with uncertain future income flows. Currently, we simplify the securitization as a tool to raise capital without cost …