1.

Record Nr.

UNINA9910157528503321

Autore

Buchanan Bonnie G

Titolo

Securitization and the Global Economy : History and Prospects for the Future / / by Bonnie G. Buchanan

Pubbl/distr/stampa

New York : , : Palgrave Macmillan US : , : Imprint : Palgrave Macmillan, , 2017

ISBN

1-137-34287-0

Edizione

[1st ed. 2017.]

Descrizione fisica

1 online resource (XVII, 251 p. 42 illus.)

Disciplina

332

Soggetti

Risk management

Business enterprises—Finance

Finance

Finance—History

Economic policy

Real estate management

Risk Management

Business Finance

Finance, general

Financial History

Economic Policy

Real Estate Management

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

1. Securitization and the Way We Live Now -- 2. What History Informs Us about Securitization -- 3. Beyond Mortgage-Backed Securities -- 4. Securitization and Risk Transfer -- 5. Securitization in Emerging Markets -- 6. Covered Bonds and Islamic Securitization -- 7. Reforming the Global Securitization Market -- 8. Conclusion.

Sommario/riassunto

This book examines the controversial issue of securitization in a global, historical context. It traces its origins and compares evidence of securitization across countries, linking differences to variations in legal, political, and cultural regimes. By incorporating the history and current status of securitization (including sources of value and risk) with



alternative markets and future outlooks for the global market, Buchanan provides an overall assessment of the costs and benefits of securitization in the global economy, particularly in the aftermath of the 2007-2009 financial crisis. The book also offers a roadmap for future research. As financial regulators around the world plan a sweeping overhaul of securitization markets with tough new rules designed to restore market confidence, it is essential to consider the global outlook for securitization.