overall system, into a worldwide crisis. The first half of the paper explains the role of mortgage securitization as a … interdependence and transparency. -- Mortgage Securitization ; Subprime-Mortgage Financial Crisis ; Systemic Risk ; Banking Regulation …

improved access to securitization as a form of market-based financial intermediation. The practical implication would be a … general loss of confidence and liquidity10 in global credit markets and structured finance that began in mid-2007, this … article also examines how credit risk transfer and regulatory incentives to securitization will be re-assessed beyond the …

The rapid growth of the securitization market was a primary factor in the 2008 global financial crisis. This article … explores the emergence and explosive growth of asset securitization in the period leading up to the recent crisis …. Understanding this basic and pressing issue is vital for future policy recommendations on the legal framework of securitization. The …