. We then investigate whether this effect is influenced by two key bank characteristics: securitization and bank capital … competition at the industry level lead to higher realized systemic risk. The results suggest that the use of securitization …

sheets to non-banks via increased securitization activity. As such, higher interest rates have the potential for unintended … sectors. In the past, this increased securitization activity was driven primarily byb private-label securitization. On the … cutting back on their securitization activity but expanding loans to the Federal Home Loan Bank system …

financial sector stability) to the fast rise of securitization and the way it has arguably complicated both the conduct of … innovation, specifically through securitization, has altered the nature of some macro-financial linkages, often with considerable … policy implications. We find that securitization activity in the United States (mature market) and South Africa (emerging …

developed countries in their efforts to implement asset securitization techniques in their financial markets. Challenges and … recent developments in securitization techniques …

regulation. Potential solutions to the management of this trade-off are then explored …