Perspectives on the securitization of assets: the spanish case

Pilar Girldez Puig () and Jose Luis Martn ()
Additional contact information
Pilar Girldez Puig: Department of Business Administration, Universidad Pablo de Olavide
Jose Luis Martn: Department of Business Administration, Universidad Pablo de Olavide

No 10.06, Working Papers from Universidad Pablo de Olavide, Department of Business Administration

Abstract: In this paper, we analyze the current status of securitization in Spain within a global context, and taking in account certain factors that have had or may have impact on its recent development and its future. After explaining the historical and legislative evolution, the paper highlights the substantial change that securitization has undergone since the beginnings of the financial crisis, changing from a model of "originate, securitize and distribute" to another model of "originate, securitize and hold".Finally, some related factors that may affect the future of securitization are analyzed, stressing the perception of an increasing Spanish sovereign risk, and concluding with the need to improve the control that supervisors must exercise on banks and rating agencies in order to transmit credibility to investors.

Keywords: Mobile-shopping (search for similar items in EconPapers)
Pages: 39 pages
Date: 2010-12
New Economics Papers: this item is included in nep-ban
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.upo.es/serv/bib/wpbsad/bsad1006.pdf First version, 2010 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pab:wpbsad:10.06

Access Statistics for this paper

More papers in Working Papers from Universidad Pablo de Olavide, Department of Business Administration Carretera de Utrera km.1, 41013 Sevilla. Contact information at EDIRC.
Bibliographic data for series maintained by Publicación Digital - UPO ().