Introduction: Securitization as Villain and Savior

Rasheed Saleuddin

Chapter 1 in Regulating Securitized Products, 2015, pp 1-19 from Palgrave Macmillan

Abstract: Abstract Before 2007, I wager that very few academics, policy makers or indeed few outside a small coterie of specialists had any idea how important securitization was to the growth in the financial economy during this millennium.1 By now, however, it has been well established that the practice of transferring some or all of the risks of some financial products from the originator (a mortgage lender, for example) to end investors played a significant destabilizing role during the Global Financial Crisis (GFC), and may have even been a primary cause of the worst economic turmoil since the Great Depression. 2

Keywords: Financial Market; Financial System; Banking Sector; Global Financial Crisis; Credit Default Swap (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-49795-6_1

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DOI: 10.1057/9781137497956_1

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