performance. Nevertheless, the effect of residential mortgage loans securitization on bank risk appeared to be negative after the … crisis, indicating that the securitization of this type of credit can reduce the bank risk in the detriment of a lower profit … their effects on the bank risk, liquidity and profitability before the crisis event and contributes to the recent scarce …

Thomas Dlugai untersucht die Verbriefung von Krediten als ein viel genutztes Finanzinstrument und stellt ein Modell vor …

through diversification. In recent years, the development of markets for credit securitization and credit derivatives has … are quite severe. A potential successful application of credit securitization and credit derivatives for managing credit …

We address the moral hazard problem of securitization using a principal-agent model where the investor is the principal … and the lender is the agent. Our model considers structured asset-backed securitization with a credit enhancement …