We explore the impact of mortgage securitization on the international diversification of macroeconomic risk. By making … mortgage-related risks internationally tradeable, securitization contributes considerably to better international consumption … countries that do not allow for mortgage securitization. Our results are based on quarterly data from a panel of 16 …

-transfer and default probabilities to gauge the severity of informational asymmetries in the loan securitization market. First, the …

covered bond market bears a number of similarities to U.S. agency securitization. In this paper we describe the key features …

We explore the impact of mortgage securitization on the international diversification of macroeconomic risk. By making … mortgage-related risks internationally tradeable, securitization contributes considerably to better international consumption … countries that do not allow for mortgage securitization. Our results are based on quarterly data from a panel of 16 …

This study presents an intriguing contrast of the ex ante and ex post relations between mortgage securitization and …

We study the optimal loan securitization policy of a commercial bank which is mainly engaged in lending activities. For … this we propose a stylized dynamic model which contains the main features affecting the securitization decision. In line … securitization. The fixed transaction costs lead to a formulation of the optimization problem in an impulse control framework. We …

This study presents an intriguing contrast of the ex ante and ex post relations between mortgage securitization and …