Asset securitization offers banks the possibility of altering their capital structures and the financial intermediation … process. This study shows that the introduction of securitization is associated with fundamental changes in the funding … policies of banks. In particular, we present evidence of more intense use of securitization by banks (i) with stronger growth …

. Securitization strategy of lenders changed dramatically in 2007 as the crisis set in with most unwilling to retain higher …

, most importantly, contractual features of the securitization deal, including the seniority structure of the ABSs issued by … suggests that banks can effectively counter the negative effects of asymmetric information in the securitization market by …

We study the effects of securitization on interbank lending competition when banks see private signals of local … applicants. With securitization, banks lend also to remote applicants with strong observables in order to lessen the lemons …

view of incentives that change as a consequence of securitization and contagion processes. It provides a critical analysis … of banking and the role of securitization in it. The former focuses on its impact on the traditional model of commercial … banking, whereas the latter sees the role of securitization in the emergence of a parallel banking system (shadow banking …

Securitization is a financial innovation that experiences a boom-bust cycle, as many other innovations before. This … paper analyzes possible reasons for the breakdown of primary and secondary securitization markets, and argues that …

Asymmetric information in securitization deals is analyzed based on a unique dataset comprising a million mortgages …