, securitization and bank risk-taking in a context of the rapid growth in off-balance-sheet activities. The data come from the Canadian … financial sector. Evidence from the 1988-1998 period indicates that: (a) securitization has a negative statistical link with … securitization and bank risk-taking. Profit-risk measure is more sensitive than loss-risk measure to the variation in securitization …

This research explores the effects of securitization on banks equity risk exposure. A widespread opinion before the … crisis of 2007–2008 was that securitization enhances financial stability. We provide empirical evidence of the impact of … securitization on the market's perception of the originating banks’ risk exposure before and after the crisis, in terms of systematic …

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 …

securitizers unrestricted by regulations governing traditional lending and securitization. Eager to take profits in an originate …

This paper investigates the relationship between securitization activity and the extension of subprime credit. The … the years 2003-2005. Second, the securitization of subprime loans increased substantially over the same time period … securitization activity of investment banks was driven by forces exogenous to factors impacting lending decisions in the primary …

the moral hazard effect of securitization on underwriting. This research design is premised on the assumption that these … cutoff rules are a response by lenders to securitization rules of thumb. We reexamine the evidence and find it is … cutoff rules in underwriting, one cannot use these same cutoff rules to learn about the effect of securitization on …

We consider the role of the nonrecourse financing of securitization by a financial institution (FI). Our model suggests … nonrecourse financing of securitization initially, because the nonrecourse security makes liquidation of the original asset more … of securitization, together with short-term maturity financing, forces the financial system to perform inefficiently in …

that there is a large re-securitization rate distinction between AAA- and non AAA-rated tranches. Less than 1% of AAA …