Leverhulme Lecture: The Future of Securitization

Leverhulme Centre for the Future of Intelligence – Written evidence (AIC0182)

The Securitization Flash Flood

What caused the flood of securitized products in the years immediately preceding the crisis? This paper presents evidence that demand for safe collateral in repo markets made it attractive for financial institutions to issue securitized products. Using the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) as a natural experiment that shocked the demand for collateral, this p...

securitization of mortality risks in life annuities

insurers have in the past few decades faced longevity risks - the risk that annuitants survive more than expected - and therefore need a new approach to manage this new risk. in this dissertation we survey methods that hedge longevity risks. these methods use securitization to manage risk, so using modern financial and insurance pricing models, especially wang transform and actuarial concepts, ...

The Economics of Asset Securitization

sset securitization — transforming illiquid assets into tradable securities — is a large and growing market, even rivaling the corporate debt market in size. While the underlying assets can be very different — ranging from song royalties to home mortgages — most asset-backed securities nevertheless share some distinctive features. In “The Economics of Asset Securitization,” Ronel Elul explains ...

Overcoming the Fear of Lecture

نقش ما در مراقبتهای بهداشتی، توسعه مهارتهای مراقبتی از بیماران است و این متضمن داشتن قدرت بیان مؤثر است، این قدرت بیان را نه تنها در جمع همکاران بلکه باید در جلسات نیز داشت، آنهم نه در برابر پنج نفر بلکه در برابر پانصد نفر، که این تسلط بیان را نه تنها هنگامی که شرایط مساعد است، بلکه به هنگام مناقشه و جر و بحث نیز  باید دارا بود.