that banks used this form of securitization to concentrate, rather than disperse, financial risks in the banking sector …

that banks used this form of securitization to concentrate, rather than disperse, financial risks in the banking sector …

that banks used this form of securitization to concentrate, rather than disperse, financial risks in the banking sector …

We survey the literature on securitization and lay out a research program for its open questions. Securitization is the … markets. Securitization has grown from a small amount in 1990 to a pre-crisis issuance amount that makes it one of the largest … recent financial crisis. Nevertheless, despite the transformative effect of securitization on financial intermediation, the …