Much attention has been paid to the large decreases in value of non-agency residential mortgage-backed securities (RMBS … fire sales. We investigate whether capital requirements and accounting rules at financial institutions contributed to the … selling of RMBS at fire sale prices. For financial institutions subject to credit-sensitive capital requirements, capital …

We estimate holdings of highly-rated tranches of mortgage securitizations of American deposit-taking banks ahead of the …

We estimate holdings of highly-rated tranches of mortgage securitizations of American deposit-taking banks ahead of the …

Much attention has been paid to the large decreases in value of non-agency residential mortgage-backed securities (RMBS … fire sales. We investigate whether capital requirements and accounting rules at financial institutions contributed to the … selling of RMBS at fire sale prices. For financial institutions subject to credit-sensitive capital requirements, capital …

Much attention has been paid to the large decreases in value of non-agency residential mortgage-backed securities (RMBS … fire sales. We investigate whether capital requirements and accounting rules at financial institutions contributed to the … selling of RMBS at fire sale prices. For financial institutions subject to credit-sensitive capital requirements, capital …