Purpose –The paper surveys the risks and rewards of asset securitisation and illustrates how this structured finance technique can lift credit constraints to small- and medium-sized enterprises (SMEs) as banks to turn more conservative in their lending in response to more risk-sensitive...

Purpose – The paper surveys the risks and rewards of asset securitisation and illustrates how this structured finance technique can lift credit constraints to small‐ and medium‐sized enterprises (SMEs) as banks to turn more conservative in their lending in response to more risk‐sensitive...