competition are all found to be important determinants of long-run firm values, firm turnover, and market structure. Estimates for …

Housing finance, and, specifically, the subprime private label securitisation market in the US, was at the epicentre of … changing market structure of securitisation in the evolution of the US housing price bubble. New financing vehicles contributed … to growing risk, but the more salient factor was the change in the structure of securitisation, which led to …