Adrian, Tobias; Shin, Hyun Song - 2009
the securitization of assets and the integration of banking with capital market developments. This trend has been most …. Securitization was intended as a way to transfer credit risk to those better able to absorb losses, but instead it increased the …’s securities. In the new, post-crisis financial system, the role of securitization will likely be held in check by more stringent …
