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Securitization past, present and future

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Securitization past, present and future

PALGRAVE MACMILLAN STUDIES IN BANKING AND FINANCIAL INSTITUTIONS SERIES EDITOR: PHILIP MOLYNEUXSecuritization: Past, Present and FuturePalgrave Macmil

Securitization past, present and futurellan Studies in Banking and Financial InstitutionsSeries editorPhilip Molyneux Bangor University Bangor, United KingdomThe Palgrave Macmillan Studies

in Banking and Financial Institutions series is international in orientation and includes studies of banking systems in particular countries or region Securitization past, present and future

s as well as contemporary themes such as Islamic Banking, Financial Exclusion, Mergers and Acquisitions, Risk Management, and IT in Banking. Ihc books

Securitization past, present and future

focus on research and practice and include up to date and innovative studies that cover issues which impact banking systems globally.More information

PALGRAVE MACMILLAN STUDIES IN BANKING AND FINANCIAL INSTITUTIONS SERIES EDITOR: PHILIP MOLYNEUXSecuritization: Past, Present and FuturePalgrave Macmil

Securitization past, present and futureon Y DekuNorringham Trent UniversityNottingham, UKAlper KaraLoughborough UniversityLoughborough, UKPalgrave Macmillan Studies in Banking and Financial

InstitutionsISBN 978-3-319-60127-4 ISBN 978-3-319-60128-1 (eBook)DOI 10.1007/978-3-319-60128-1Library of Congress Control Number: 2017946324© Tie Edi Securitization past, present and future

tor(s) (if applicable) and Tie Author(s) 2017Ulis work is subject lo copyright. All rights arc solely and exclusively licensed by the Publisher, wheth

Securitization past, present and future

er the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation. broadcastin

PALGRAVE MACMILLAN STUDIES IN BANKING AND FINANCIAL INSTITUTIONS SERIES EDITOR: PHILIP MOLYNEUXSecuritization: Past, Present and FuturePalgrave Macmil

Securitization past, present and futuretware, or by similar or dissimilar methodology now known or hereafter developed.The use of general descriptive names, registered names, trademarks, se

rvice marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protec Securitization past, present and future

tive laws and regulations and therefore free for general use.The publisher, die authors and the editors are sale to assume that the advice and informa

Securitization past, present and future

tion in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warrant

PALGRAVE MACMILLAN STUDIES IN BANKING AND FINANCIAL INSTITUTIONS SERIES EDITOR: PHILIP MOLYNEUXSecuritization: Past, Present and FuturePalgrave Macmil

Securitization past, present and futuretral with regard Io jurisdictional claims in published maps and institutional affiliations.Cover illustration: Stephanie KaraPrinted on acid-free pape

rThis Palgrave Macmillan imprint is published by Springer Nature The registered company is springer International Publishing AG The registered company Securitization past, present and future

address is: Gewerbestrasse 11,6330 Cham, SwitzerlandPrefaceThis book provides an overview of the historical and recent developments in the global sec

Securitization past, present and future

uritization markets. It explores how and why securitization is created and examines multiple securitization instruments. It investigates, by reviewing

PALGRAVE MACMILLAN STUDIES IN BANKING AND FINANCIAL INSTITUTIONS SERIES EDITOR: PHILIP MOLYNEUXSecuritization: Past, Present and FuturePalgrave Macmil

Securitization past, present and futurenomy-wide efficient risk distribution, became a contributing factor to the 2007—2009 financial crisis. It also looks at the future of the securitizati

on markets in light of the regulatory changes after the financial crisis.Hie book has several purposes. Firstly, it aims to explore if and how securit Securitization past, present and future

ization changed financial intermediation and lending behaviour by reviewing the pre- and post-financial crisis theoretical and empirical literature. I

Securitization past, present and future

he book's distinctive feature is bringing the growing postcrisis academic research to rhe attention of a wider audience by critically appraising the

PALGRAVE MACMILLAN STUDIES IN BANKING AND FINANCIAL INSTITUTIONS SERIES EDITOR: PHILIP MOLYNEUXSecuritization: Past, Present and FuturePalgrave Macmil

Securitization past, present and futureanks and investors under the inherent presence of information asymmetries in ABS transactions. I lore the book provides fresh insights from recent aca

demic research on whether and how banks misled investors in buying poor quality securitization securities prior to the financial crisis. Thirdly, it a Securitization past, present and future

ims to evaluate regulatory weaknesses in the years leading to the financial crisis and whether theV

PALGRAVE MACMILLAN STUDIES IN BANKING AND FINANCIAL INSTITUTIONS SERIES EDITOR: PHILIP MOLYNEUXSecuritization: Past, Present and FuturePalgrave Macmil

PALGRAVE MACMILLAN STUDIES IN BANKING AND FINANCIAL INSTITUTIONS SERIES EDITOR: PHILIP MOLYNEUXSecuritization: Past, Present and FuturePalgrave Macmil

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