analysis of the channel of contagion within financial integration: a confidence crisis, coupled with turbulence in the …

, focusing on the links between 'Repo-and-Securitization' and the crisis. In contrast, WPs in macroeconomics-related programs …

Securitization is a financial innovation that experiences a boom-bust cycle, as many other innovations before. This … paper analyzes possible reasons for the breakdown of primary and secondary securitization markets, and argues that …/08 ; Bank Regulation ; First Loss Position ; Rating Process ; Securitization ; Transparency …

In 2007 the world faced one of the biggest financial crises ever. It was the third important financial crisis in the … theoretical models and a survey of institutions involved in securitization. With the conclusions of this analysis we evaluate the …

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 …

securitization or if they choose vertical slice retention instead of retaining the equity tranche. Moreover, the relevance of credit …