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1997 to 2010, this paper provides empirical evidence that loan securitization in Europe is a composite decision based on … change when separately investigating securitization transactions during the pre-crisis and crisis period. Moreover, results … from several subsample regressions reveal that determinants of loan securitizations in Europe depend on the transaction …
Persistent link: https://www.econbiz.de/10013029983
We assess the information content of three credit ratings for tranches of newly issued European residential mortgage-backed securities. We find that tranches rated by three credit rating agencies where the rating by Standard & Poor's (S&P's) Ratings Service or Fitch is inferior to Moody's lead...
Persistent link: https://www.econbiz.de/10013033429
services, which may be provided by many firms. However, despite the prevalence of structured finance instruments in Europe, the …
Persistent link: https://www.econbiz.de/10012943878
crisis, and provides some statistics of asset securitization activity in Western Europe between 2000 and 2013 …Securitization is the process whereby financial assets are pooled together, with their cash flows, and sold to a … securities, in the form of debt instruments, into the market. Securitization is thus a technique used to transform illiquid …
Persistent link: https://www.econbiz.de/10012904932
lamenting the securitization of these issues in the academic and policy debate and advocating a focus on rights as an … Cooperation in Europe (OSCE) and the EU, this article traces two related dimensions of the "security-rights nexus," namely the …
Persistent link: https://www.econbiz.de/10014060995
We provide an estimate of the size of the shadow banking sector in Europe. We compare it to the shadow banking sector … aspects of hedge funds activities and exchange-traded funds. According to our estimates, the shadow banking sector in Europe … banking sector liabilities in Europe and 130% in the U.S. Beyond data uncertainties for Europe, the difference with the U …
Persistent link: https://www.econbiz.de/10013108750
This doctoral dissertation deals with a sophisticated financing mechanism – asset securitization – which can provide … necessary for the functioning of asset securitization and to see what should be done to create them in Lithuania. The author … US in developing and using the mechanism of asset securitization. It also assesses the particular features of different …
Persistent link: https://www.econbiz.de/10013139973
Persistent link: https://www.econbiz.de/10013341866
low securitization quality. When measuring securitization complexity with traditionally used proxies, we find no worse … performance of more complex MBS. However, we provide evidence that originators attempt to hide low securitization quality …
Persistent link: https://www.econbiz.de/10013403286