Optimal Securitization with Moral Hazard

include constraints to limit the loss faced by the underwriter for an early first default. In this more complicated setting, a simple implementation using a CDS and a risk free bond persists.

MoreLess

Year of publication:	2009
Authors:	Piskorski, Tomasz ; Tchistyi, Alexei ; Hartman-Glaser, Barney
Institutions:	Society for Economic Dynamics - SED

More details

Extent:	application/pdf
Series:	2009 Meeting Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2009 SED Meeting Papers Number 1256
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011080367