understanding for the motivation to originate securitization products is less discovered. Therefor this paper tries to identify main … to securitize that are in line with observable behavior of market participants. US banks use securitization mainly as … and performance improvement. For German banks securitization seems to be an appropriate funding tool. The proposed …

If regulation fails to differentiate between priced and idiosyncratic risk, it incentivizes investors to reach for … yield. Studying securitization exposures on the balance sheets of German banks, I show evidence consistent with this …

-09. We review the rapidly growing literature on shadow banking and provide a conceptual framework for its regulation. Since … repurchase agreements, money market mutual funds, and securitization. Despite significant efforts by lawmakers, regulators, and … regulation …

Much attention has been paid to the large decreases in value of non-agency residential mortgage-backed securities (RMBS …