Securitization: Lessons Learned and the Road Ahead
This paper examines the financial stability implications arising from securitization markets, with one eye on the past and another on the future. The paper begins by deriving a number of "lessons learned" based on an examination of key industry developments in the years before the crisis....
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2013
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Schriftenreihe: | IMF Working Papers
Working Paper No. 13/255 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper examines the financial stability implications arising from securitization markets, with one eye on the past and another on the future. The paper begins by deriving a number of "lessons learned" based on an examination of key industry developments in the years before the crisis. Emphasis is placed on the various ways in which securitization markets dramatically changed shape in the years preceding the crisis, vis-à-vis their earlier (simpler) incarnation. Current impediments to securitization markets are then discussed, including a treatment of various regulatory initiatives, the operational infrastructure of securitization markets, and related official sector intervention. Finally, a broad suite of policy recommendations is presented to address the factors that either contributed to the crisis or may currently be posing obstacles to growth-supportive, sustainable securitization markets. These proposals are guided by the objective of preserving the beneficial features of securitization, while mitigating those that pose a potential risk to financial stability |
Beschreibung: | 1 Online-Ressource (74 p) |
ISBN: | 1475541945 9781475541946 |
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record_format | marc |
series2 | IMF Working Papers |
spelling | Segoviano Basurto, Miguel A. Verfasser aut Securitization Lessons Learned and the Road Ahead Segoviano Basurto, Miguel A Washington, D.C International Monetary Fund 2013 1 Online-Ressource (74 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 13/255 This paper examines the financial stability implications arising from securitization markets, with one eye on the past and another on the future. The paper begins by deriving a number of "lessons learned" based on an examination of key industry developments in the years before the crisis. Emphasis is placed on the various ways in which securitization markets dramatically changed shape in the years preceding the crisis, vis-à-vis their earlier (simpler) incarnation. Current impediments to securitization markets are then discussed, including a treatment of various regulatory initiatives, the operational infrastructure of securitization markets, and related official sector intervention. Finally, a broad suite of policy recommendations is presented to address the factors that either contributed to the crisis or may currently be posing obstacles to growth-supportive, sustainable securitization markets. These proposals are guided by the objective of preserving the beneficial features of securitization, while mitigating those that pose a potential risk to financial stability Online-Ausg Blankenheim, Johannes Sonstige oth Jones, Bradley Sonstige oth Lindner, Peter Sonstige oth http://elibrary.imf.org/view/IMF001/20987-9781475541946/20987-9781475541946/20987-9781475541946.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Segoviano Basurto, Miguel A. Securitization Lessons Learned and the Road Ahead |
title | Securitization Lessons Learned and the Road Ahead |
title_auth | Securitization Lessons Learned and the Road Ahead |
title_exact_search | Securitization Lessons Learned and the Road Ahead |
title_exact_search_txtP | Securitization Lessons Learned and the Road Ahead |
title_full | Securitization Lessons Learned and the Road Ahead Segoviano Basurto, Miguel A |
title_fullStr | Securitization Lessons Learned and the Road Ahead Segoviano Basurto, Miguel A |
title_full_unstemmed | Securitization Lessons Learned and the Road Ahead Segoviano Basurto, Miguel A |
title_short | Securitization |
title_sort | securitization lessons learned and the road ahead |
title_sub | Lessons Learned and the Road Ahead |
url | http://elibrary.imf.org/view/IMF001/20987-9781475541946/20987-9781475541946/20987-9781475541946.xml |
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