Altunbas, Yener; Kara, Alper; Ozkan, Aydin - Bangor Business School, Bangor University - 2014
Bank securitisation is deemed to have been a major contributing factor to the 2007/08 financial crises via fuelling credit growth accompanied by lower banksÕ credit standards. Yet, prior to the crisis a common view was that securitisation activity makes the financial system more stable as risk...