„Quantitative Economics and Finance“ an der Universität Konstanz erstellt wurden. Die ersten drei Papiere behandeln die Verbriefung … Verbriefungstransaktionen sind sogenannte collateralized debt obligations, kurz CDOs, die sich auf das Kreditrisiko von Portfolios bestehend aus …

The purpose of the paper is to investigate how Asset-Backed Securitization (ABS) can be used to fund infrastructure …

des Marktes hindeuten:¨ Das Kreditrisiko und dessen Portfolio-orientiertes Management wird auch in Zukunft immermehr an …

Diese Dissertation besteht aus drei eigenständigen theoretischen Aufsätzen, in denen das Kreditrisiko von Firmen, die …

Since the start of the financial crisis, various forms of securitization have been criticized for causing the problems … to this market. Our study focuses on the use of receivables securitization by non-financial firms, and we investigate who … filings of 242 users of securitization across the fiscal years 2006 and 2007, and combining it with accounting information …

-based activity of interest is asset securitization, though a number of other specific fee-based income-generating activities, such as … value. Moreover, large banks did not significantly alter their capital levels upon asset securitization, regardless of asset … type, as theory would imply. Given that large banks increased their aggregate securitization activity when the term …

This dissertation is a collection of four independent research papers. All papers deal with credit securitization. In … on such securitization structures by analysing various aspects. The first paper takes a closer look at securitizations of … enhancements in such securitization transactions. Motivated by the subprime crisis, the third paper discusses the impact of an …