Battaglia, Francesca; Mazzuca, Maria - In: The Journal of Risk Finance 15 (2014) 4, pp. 458-478
to the Italian bank risk profile, both in terms of credit and liquidity risks. Design/methodology/approach – To test our … research hypotheses, we adopt ordered probit models, in which we regress the changes in credit risk and liquidity on a set of … impact of securitization on the originators risk-taking is not uniform. When credit risk is considered, the securitization …