change that ties regulatory capital to the market value of the "available-for-sale" investment securities portfolio for some … characteristics. We find little clear evidence that banks respond by reducing the riskiness of their securities portfolios, although … there is some evidence of a greater use of derivatives to hedge securities exposures. Instead, banks respond by …

This paper reviews the mortgage-backed securities (MBS) market, with a particular emphasis on agency residential MBS in …

This paper reviews the mortgage-backed securities (MBS) market, with a particular emphasis on agency residential MBS in …

change that ties regulatory capital to the market value of the "available-for-sale" investment securities portfolio for some … characteristics. We find little clear evidence that banks respond by reducing the riskiness of their securities portfolios, although … there is some evidence of a greater use of derivatives to hedge securities exposures. Instead, banks respond by …