Good Securitization, Bad Securitization

I use a simple banking model to study the circumstances under which excessive and inefficient securitization may occur. I first stress that increasing securitization rates that reduce banks' incentives to screen borrowers and thus lead to more defaults need not be inefficient. This may be an ef...

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Bibliographic details
Main Author: Plantin, Guillaume
Format: Paper
Language: English
Place of publication: 01.02.2011
Related: Institute for Monetary and Economic Studies, Bank of Japan
Data of publication: 2011/02
Series: IMES Discussion Paper Series
Online Access: available in Bonn?
Database: RePEc IDEAS
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