securitization activity on loans' relative credit quality employing a uniquely detailed dataset from the euro-denominated syndicated … securitization, however, the credit quality of borrowers whose loans are securitized deteriorates by more than those in the control … detailed loan-by-loan information on loan credit quality would be useful to reap out the benefits of securitization. …

subprime home mortgage market, a market that owed its existence to private-label securitization. The pre-crisis boom in private … origination and securitization markets includes a set of strict prohibitions on particular products and practices. In contrast … thinly regulated nonbank sector, where financial innovation and regulatory arbitrage still proceed apace. The hydraulic …

innovation are $146 million. They are twice as high in the United States as in Western Europe. Thus, the market considers … innovations by 39 major banks in North America and Western Europe between 2001 and 2010. The results indicate that security and … that riskiness and radicalness of the innovation increases abnormal stock market returns while complexity decreases …