Securitization, bank business models and financial stability

Lyubomir Georgiev ()
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Lyubomir Georgiev: University of Economics - Varna

Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, 2014, issue 1, 13-20

Abstract: The report focuses on the relation "securitization - business models of banking - financial crisis of 2007-08." The analysis shows that: the rapid development of the securitization process is not a signal of the declining role of banks as financial intermediaries; one of the main reasons for the reduction of financial stability at the beginning of the XXI century is the fact that as a result of securitization, banks cease to be banks.

Keywords: securitization; special purpose vehicles (SPVs); bank business model "originate-and-hold"; bank business model "originate-and-distribute"; shadow banking system; financial crisis (search for similar items in EconPapers)
JEL-codes: A00 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:vra:journl:y:2014:i:1:p:13-20

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