The Role of Securitization in the 2007–2009 Crisis

Solomon Deku and Alper Kara
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Alper Kara: Loughborough University

Chapter 7 in Securitization: Past, Present and Future, 2017, pp 131-143 from Palgrave Macmillan

Abstract: Abstract The global financial crisis of 2007–2009 has drawn much attention to securitization and its role during and on the build up to the crisis. During the crisis securitization markets collapsed catastrophically after mortgage related instruments experienced severe credit quality deterioration. Subsequent spill over to other types of ABS resulted in large. Overall, the financial crisis exposed lapses in the securitization process and consequently pivoted the financial markets’ scrutiny towards non-traditional financing mechanisms such as structured finance.

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-3-319-60128-1_7

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DOI: 10.1007/978-3-319-60128-1_7

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