Showing 1 - 10 of 3,533
Persistent link: https://www.econbiz.de/10003754501
Persistent link: https://www.econbiz.de/10009759838
Persistent link: https://www.econbiz.de/10010231580
This paper examines how the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, the largest investors in subprime private-label mortgage-backed securities (PLS), influenced the risk characteristics and prices of the deals in which they participated. To identify the causal effect...
Persistent link: https://www.econbiz.de/10010337605
Persistent link: https://www.econbiz.de/10010345410
Persistent link: https://www.econbiz.de/10011516815
Persistent link: https://www.econbiz.de/10011557417
Persistent link: https://www.econbiz.de/10010222570
We examine the system-wide effects of liquidity regulation on banks’ balance sheets. In the general equilibrium model, banks have to hold liquid assets, and choose among illiquid assets varying in the extent to which they are difficult to value before maturity, e.g., structured securities. By...
Persistent link: https://www.econbiz.de/10012614764
a securitization process. Against the background of increased corporate indebtedness, our interest is in quantifying … the U.S., where corporate credit securitization has been reintensified in recent years. Simulations deliver adverse medium …%. Securitization activities above this threshold lead to significant welfare losses from the medium-term onwards. Two transmission …
Persistent link: https://www.econbiz.de/10012224673