Securitization is a financial innovation that experiences a boom-bust cycle, as many other innovations before. This … paper analyzes possible reasons for the breakdown of primary and secondary securitization markets, and argues that …

securitization activity, weak supervision for bank capital and too low for too long monetary policy rates. Conversely, low long …

securitization activity, weak supervision for bank capital and too low for too long monetary policy rates. Conversely, low long … origins of the crisis and have important policy implications. - Lending standards ; monetary policy ; securitization ; bank …

Securitization is a financial innovation that experiences a boom-bust cycle, as many other innovations before. This … paper analyzes possible reasons for the breakdown of primary and secondary securitization markets, and argues that …/08 ; Bank Regulation ; First Loss Position ; Rating Process ; Securitization ; Transparency …

addition, high securitization activity and weak banking supervision standards amplify the positive impact of low short …-term interest rates on bank risk-taking, even when we instrument securitization. Moreover, short-term rates – directly and in … conjunction with securitization activity and supervision standards – have a stronger impact on bank risk-taking than long …

securitization activity, weak supervision for bank capital and too low for too long monetary policy rates. Conversely, low long …

attention from the underlying breakdown of incentives. Incentive conflicts explain how securitization went wrong, why credit …