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1300 changes in Moody's or Standard and Poor's (S&P) ratings of U.S. asset-backed securities (ABS). We find that rating …
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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 …
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Paper for a conference sponsored by the Federal Reserve Bank of New York entitled Financial Innovation and Monetary Transmission
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market for mortgage securities continues to grow and develop, this transformation raises a number of important public policy …
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