Beltran, Daniel O.; Pounder, Laurie; Thomas, Charles - Federal Reserve Board (Board of Governors of the … - 2008
assets underlying many asset-backed securities (ABS), particularly U.S. mortgages. The prominence of European banks in the … early stages of the turmoil created the perception that foreigners held an outsized share of risky U.S. securities and … ABS with U.S. underlying collateral. Using the latest survey data on foreign portfolio holdings of U.S. securities, we …