for housing, low interest rates, innovations in mortgage lending and securitization, and a breakdown in credit quality …The US financial system is undergoing a painful restructuring as credit losses originating in the mortgage finance … the credit losses, restructure and recapitalize the financial industry, and set the economy on a path to recovery. This …

differ greatly between instruments. Our findings have implications for understanding the credit crisis and for policy making …

We evaluate lenders' incentives to mitigate credit default risk through pricing or securitization. Exploiting exogenous … variation in credit default risk created by differences in foreclosure law along US state borders, we find that lenders in the … policy, foreclosure law provokes a 4.5% increase in securitization rates but does not affect interest rates. For non …

, securitization and bank risk-taking in a context of the rapid growth in off-balance-sheet activities. The data come from the Canadian … financial sector. Evidence from the 1988-1998 period indicates that: (a) securitization has a negative statistical link with … securitization and bank risk-taking. Profit-risk measure is more sensitive than loss-risk measure to the variation in securitization …

Over the term of a securitization transaction, the concept of non-compliance allows a securitizing bank to classify a …

shadow banks that provide credit intermediation through securitization. If capital regulation only covers traditional banks … per unit of investment remains the same for all securitization strategies. Capital requirements cause underinvestment that … cannot be mitigated by securitization …

banks in mortgage securitizations. Economic theory suggests that retaining an interest in securitization transactions should … of (credit) quality of the securitized assets, I find that credit risk of the transferred mortgages is positively … established reputation for securitization transactions. Consistent with the view of securitization as a sophisticated tool to …

market-based indicators of bank risk. Moreover, investigating the relationship between credit risk securitization and single …Using a unique sample of 749 cash and synthetic securitization transactions issued by 60 stock-listed bank holdings in … the EU-13 plus Switzerland over the period from 1997 to 2007 this paper provides empirical evidence that credit risk …