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 …

counterproductive and a danger for worldwide economic growth. -- structured finance ; ratings ; regulation ; subprime crisis ; Basel II … worldwide political institutions to approve a more rigorous regulation on financial institutions and predict financial crises … via early warning systems. We analyzed the performance of structured finance ratings and structured finance issuance …

worldwide political institutions to approve a more rigorous regulation on financial institutions and predict financial crises … via early warning systems. We analyzed the performance of structured finance ratings and structured finance issuance … theoretical models and a survey of institutions involved in securitization. With the conclusions of this analysis we evaluate the …

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 …

ratings. We examine whether investors have learned from these shortcomings. On the basis of securitizations from 2010 and 2011 … securitization or if they choose vertical slice retention instead of retaining the equity tranche. Moreover, the relevance of credit … ratings in comparison to other credit factors has significantly decreased. Apparently, investors mainly consider ratings to …

research has hypothesized that these cutoff rules result from a securitization rule of thumb. Under this theory, an observed … jump in defaults at the cutoff would imply that securitization led to lax screening. We argue instead that originators … that securitization caused lax screening. We examine loan-level data and find that the evidence is inconsistent with the …

worldwide political institutions to approve a more rigorous regulation on financial institutions and to predict financial crises … via early warning systems. We analyzed the performance of structured finance ratings and structured finance issuance … theoretical models and a survey of institutions involved in securitization. With the conclusions of this analysis we evaluate the …

. Recent research has used variation induced by these rules to investigate the connection between securitization and lender … moral hazard problem posed by securitization. …

. Recent research has used variation induced by these rules to investigate the connection between securitization and lender … moral hazard problem posed by securitization. …

research has hypothesized that these cutoff rules result from a securitization rule of thumb. Under this theory, an observed … jump in defaults at the cutoff would imply that securitization led to lax screening. We argue instead that originators … that securitization caused lax screening. We examine loan-level data and find that the evidence is inconsistent with the …