Securitization is a financial innovation that experiences a boom-bust cycle, as many other innovations before. This … paper analyzes possible reasons for the breakdown of primary and secondary securitization markets, and argues that …

This paper examines the relationship between the effect of securitization and the equity risk for bank holding … companies in the United States from Q2:2001 to Q4:2008. Securitization markets in the U.S. expanded significantly in the early … group, the effect of securitization (the net effect of increasing off-balance sheet loans and reducing on-balance sheet …

We find that the increased use of securitization activity in the banking sector augmented the effect of competition on … realized bank risk during the 2007-2009 crisis. Our results suggest that securitization by itself does not lead to augmented …

view of incentives that change as a consequence of securitization and contagion processes. It provides a critical analysis … of banking and the role of securitization in it. The former focuses on its impact on the traditional model of commercial … banking, whereas the latter sees the role of securitization in the emergence of a parallel banking system (shadow banking …

Most of the Eastern European countries are burdened by heavy foreign debts. Securitization could be helpful in solving …

through diversification. In recent years, the development of markets for credit securitization and credit derivatives has … are quite severe. A potential successful application of credit securitization and credit derivatives for managing credit …

crisis. We note the contribution of innovation, securitization and regulation to present and future banking structural …

evidence for adverse selection. The effect of securitization is strongest for prime mortgages, which have not been studied …