Since the start of the financial crisis, various forms of securitization have been criticized for causing the problems … to this market. Our study focuses on the use of receivables securitization by non-financial firms, and we investigate who … filings of 242 users of securitization across the fiscal years 2006 and 2007, and combining it with accounting information …

more effective than providing it at the time of bankruptcy.Theories of financial intermediation suggest that securitization … Seru, and Vikrant Vig, examines this question using a unique dataset of securitized subprime mortgage loans. We exploit a … rule of thumb in the lending market to generate exogenous variation in the ease of securitization and compare the …

The paper provides a framework for analyzing the development of securitization as a vehicle for funding loans. Broadly … intermediaries originating and holding the loans and funding them mainly with debt, most often deposits, and the securitization model …, which involves tapping bond markets for funds, for instance by pooling loans and selling shares in the pools. A central …

. It concludes that the IIS Basis continues to exist due to limitations in market liquidity and hedging alternatives. The …

tensions were triggered by concerns about exposures of financial institutions to the most risky segment of the US mortgage … markets -the so-called subprime mortgage market- and related financial instruments, which predominantly were related to … instruments. The first one played an important role in the initiation and propagation of the turmoil and includes mortgage …

problemas de selección adversa más severos ; Asset securitization offers banks the possibility of altering their capital … structures and the financial intermediation process. This study shows that the introduction of securitization is associated with … fundamental changes in the funding policies of banks. In particular, we present evidence of more intense use of securitization by …

securitization and mortgage credit markets. An endogenous securitization market efficiently reallocates illiquid assets, increases … liquidity to fund mortgage lending, and lowers interest rates for borrowers. However, its benefits are hindered by originators …