منابع مشابه
Securitization and Asset Prices∗
During the 15 years prior to the global financial crisis the volume of securitized assets transacted in the US has grown substantially, reflecting a change in the nature of the financial intermediation process. Together with increased securitization, financial entities, who participate more heavily in the asset-backed security (ABS) market and hold a diversified portfolio of assets, have also b...
متن کاملThe Effects of Asset Securitization on Banks\'performances (Case Study: Bank Saderat Iran 2005-2015)
The purpose of this study is to investigate the effects of "Asset Securitization" on bankschr('39') performances. Asset securitization is generally defined as the "financial process by which an owner of an asset, such as a portfolio of loans, receives cash upfront in exchange for the future cash flows from the asset without selling the asset in a normal contractual sales agreement." (Menzi et a...
متن کاملAsset Securitization Problems and Prospects
Applying off balance sheet financing mechanism is largely driven by its practicality, flexibility, and the most importantly it provides a platform for cheaper capital and solves many accounting related issues. Off balance sheet financing, particularly asset securitization, will continue to become the most dominant financing alternatives in view of its multi functional capabilities in solving fi...
متن کاملThe 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 ...
متن کاملBank asset channel
The financial intermediation sector is important not only for channeling resources from agents in excess of funds to agents in need of funds (credit channel). They also facilitate the creation of financial assets that can be used for insurance purposes. Then, when the financial sector experiences difficulties that prevent them from creating these assets, agents in the economy (being them househ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2017
ISSN: 1556-5068
DOI: 10.2139/ssrn.2933116