The economics of asset securitization

Ronel Elul explains why asset-backed securities exist and discusses some reasons for their common structure. Elul notes that despite well-developed theories on the what and why of securitization, more research is needed. In particular, additional research could uncover the effect that government regulation and bankruptcy law have on securitization.

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Year of publication:	2005
Authors:	Elul, Ronel
Published in:	Business Review. - Federal Reserve Bank of Philadelphia. - 2005, Q3, p. 16-25
Publisher:	Federal Reserve Bank of Philadelphia
Subject:	Asset-backed financing

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics