Securitization, collateral constraints and consumption risk sharing in the euro area

Thomas Nitschka

Economics Letters, 2010, vol. 106, issue 3, 197-199

Abstract: Scarcity of housing collateral is associated with lower credit volumes and hence decreases consumption risk sharing among seven euro area countries in the time period from 1987Q1 to 2007Q4. At the same time, securitization improves risk sharing but does not seem to outweigh the collateral scarcity effect.

Keywords: Collateral; Consumption; risk; sharing; Housing; Mortgages; Securitization (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:106:y:2010:i:3:p:197-199

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