Kara, Alper; Ozkan, Aydin; Altunbas, Yener - In: Review of Behavioral Finance 8 (2016) 1, pp. 2-16
securitisation activity makes the financial system more stable as risk was more easily diversified, managed and allocated economy …’ risk appetite. However, empirical evidence does not uniformly support the theoretical conclusions. If banks are … and are aggressive in loan pricing. Others argue that securitisation reduces banks insolvency risk, increases …