Securitization: Past, Present and Future

Description

This book aims to explore if and how securitisation changed financial intermediation and lending behaviour by reviewing the pre- and post-financial crisis theoretical and empirical literature. The book's distinctive feature is bringing the growing post-crisis empirical evidence to the attention of a wider audience by critically appraising it against pre-crisis arguments. With its thought-provoking insights, this book is of particular interest for students, practitioners and academics. Read more... Abstract: This book aims to explore if and how securitization changed financial intermediation and lending behaviour by reviewing the pre- and post-financial crisis theoretical and empirical literature. Read more... Front Matter ....Pages i-xix Introduction (Solomon Y Deku, Alper Kara)....Pages 1-5 Mechanics of Securitization (Solomon Y Deku, Alper Kara)....Pages 7-30 Securitization Structures (Solomon Y Deku, Alper Kara)....Pages 31-56 A Historical and Regional Overview of Securitization (Solomon Y Deku, Alper Kara)....Pages 57-91 Effects of Securitization on Banks and the Financial System (Solomon Y Deku, Alper Kara)....Pages 93-111 Valuation of ABS Under Asymmetric Information (Solomon Y Deku, Alper Kara)....Pages 113-129 The Role of Securitization in the 2007–2009 Crisis (Solomon Y Deku, Alper Kara)....Pages 131-143 Securitization: Key Trends Since the Crisis (Martin Scheicher, Stefanie Wehmeyer)....Pages 145-167 Concluding Remarks (Solomon Y Deku, Alper Kara)....Pages 169-171 Back Matter ....Pages 173-177