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The Future Of Securitization, Steven L. Schwarcz
The Future Of Securitization, Steven L. Schwarcz
Faculty Scholarship
Securitization, a process in which firms can raise low-cost financing by efficiently allocating asset risks with investor appetite for risk, has been one of the most dominant and fastest-growing means of capital formation in the United States and the world. The subprime financial crisis, however, has revealed certain defects with how securitization is sometimes utilized. This article examines these defects and the extent they can, and should, be remedied going forward.
Keynote Address: Understanding The ‘Subprime’ Financial Crisis, Steven L. Schwarcz
Keynote Address: Understanding The ‘Subprime’ Financial Crisis, Steven L. Schwarcz
Faculty Scholarship
No abstract provided.