yield. Studying securitization exposures on the balance sheets of German banks, I show evidence consistent with this …

economic effects of mortgage securitization. We also assemble descriptive statistics about market size, growth, security … the MBS market and mortgage securitization …

We solve the problem of optimal securitization for an issuer facing heterogeneous investors with arbitrary time and … risk preferences. We show that the optimal securitization is characterized by multiple nonlinear tranches, and each … derive a number of comparative static results for optimal securitization. The model generates theoretical predictions and …

We study optimal securitization of defaultable assets in a continuous time setting. A financial intermediary can create … intermediaries have all the bargaining power, securitization improves the intermediary's screening incentives and increases the … best levels when the number of securitized assets is sufficiently large. securitization, mortgage-backed securities, moral …

) phenomenon occurs only when high-quality analysts are more uncertain about the firm's performance than all analysts following the …

show that agencies publish better ratings for those issuers that provide them with more bilateral securitization business …

-transfer and default probabilities to gauge the severity of informational asymmetries in the loan securitization market. First, the …

performance. Nevertheless, the effect of residential mortgage loans securitization on bank risk appeared to be negative after the … crisis, indicating that the securitization of this type of credit can reduce the bank risk in the detriment of a lower profit …