Altunbas, Yener; Gambacorta, Leonardo; Marques-Ibanez, David - In: European Economic Review 53 (2009) 8, pp. 996-1009
The dramatic increase in securitisation activity experienced in Europe in the years following the introduction of the euro has altered the liquidity, credit and maturity transformation role traditionally performed by banks. We claim that the changing role of credit intermediaries due to...