employ GMM estimation using unique database on asset securitization of 672 commercial banks (4889 year-observations) in 22 … consistently shown a riskier profile by being significantly less adequately capitalised and offering higher ratio of net loans to … asset securitization as still exposed to a higher risk profile. Controlling for a country religiosity shows different risk …

The global financial turmoil of 2007-2008 underlines the importance of understanding asset securitization, a process … that motivate banks' decisions to enter into asset securitization. In particular, we examine the influence of both … assets. We employ propensity scores using a unique database on asset securitization of banks in 22 countries during 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 …

securitization rule-of-thumb theory but consistent with the origination rule-of-thumb theory. There are jumps in the number of loans … 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 …

The agency conflicts inherent in securitization are viewed by many as having been a key contributor to the recent … research for the U.S. home mortgage market suggests that securitization itself may not have been a problem, but rather the … origination and distribution of observably riskier loans. Low-documentation mortgages, for which asymmetric information problems …

exposure to exactly those borrowers at the highest risk of experiencing a rating downgrade below the cutoff. These loans would …