Securitizations Are Dead - Long Live Securitizations?
Georg Erber ()
DIW Economic Bulletin, 2011, vol. 1, issue 6, 3-11
Abstract:
After the financial markets slumped worldwide in 2008, securitizations were seen as a major cause of the conflagration. The securitization market dried up because this financial instrument was no longer trusted. At the time, no one thought securitizations had any future as a financial innovation. However, just three years after the financial meltdown, the securitization market in the US has made a recovery, despite its continued systemic risks. There is still no unified regulatory framework nor binding transparency. Hardly anything has been learnt from the financial crisis of 2008.
Keywords: securitization; financial market crisis; ratings (search for similar items in EconPapers)
JEL-codes: G21 G24 G28 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:diw:diwdeb:2011-6-1
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