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The application, or to be more precise, the misapplication of securitization in the mortgage market had fatal … consequences for the financial sector worldwide. More over securitization techniques enabled single banks to reduce their … financial system. In particular, securitization and related credit risk transfer products were adequately treated neither in …
Persistent link: https://www.econbiz.de/10011459525
via early warning systems. We analyzed the performance of structured finance ratings and structured finance issuance … theoretical models and a survey of institutions involved in securitization. With the conclusions of this analysis we evaluate the …
Persistent link: https://www.econbiz.de/10008695393
credit risk transfer instrument and to increase performance, while European originators focus on regulatory capital arbitrage … and performance improvement. For German banks securitization seems to be an appropriate funding tool. The proposed …. -- regulatory arbitrage ; securitization ; subprime crisis ; ABS ; credit risk transfer ; Basel III ; liquidity …
Persistent link: https://www.econbiz.de/10008907723
The rapid growth of the market-based financial system since the mid-1980s has changed the nature of financial intermediation. Within the system, “shadow banks” have served a critical role, especially in the run-up to the recent financial crisis. Shadow banks are financial intermediaries that...
Persistent link: https://www.econbiz.de/10013060941
Persistent link: https://www.econbiz.de/10011790739
bank intermediation for their arbitrage strategies. …
Persistent link: https://www.econbiz.de/10011868543
repurchase agreements, money market mutual funds, and securitization. Despite significant efforts by lawmakers, regulators, and …
Persistent link: https://www.econbiz.de/10009528777
repurchase agreements, money market mutual funds, and securitization. Despite significant efforts by lawmakers, regulators, and …
Persistent link: https://www.econbiz.de/10013107493
returns for excess-cash than placing it in cash management accounts. In this brief, we describe ways that cash …
Persistent link: https://www.econbiz.de/10010514169
We take issue with claims that the funding mix of banks, which makes them fragile and crisisprone, is efficient because it reflects special liquidity benefits of bank debt. Even aside from neglecting the systemic damage to the economy that banks' distress and default cause, such claims are...
Persistent link: https://www.econbiz.de/10011977827