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Securitisation - Financial Stability After Financial Crisis? (Paperback) Loot Price: R1,579 Discovery Miles 15 790
Securitisation - Financial Stability After Financial Crisis? (Paperback): Stefano Filomeni
Securitisation - Financial Stability After Financial Crisis? (Paperback): Stefano Filomeni

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Securitisation - Financial Stability After Financial Crisis? (Paperback)

Stefano Filomeni

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Loot Price R1,579 Discovery Miles 15 790

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The password of a new concept of finance that has been dominating since the '90s is widely known as securitisation: a technique through which loans are packaged together and then transferred to autonomous special purpose vehicles (SPV) which, in turn, issue asset-backed securities (ABS). These securities, submitted to the rating agencies' evaluation, give rise to a variety of classes of risk and can be issued to a wide audience composed of international investors. In this book, it has been analyzed that securitisation deals, theoretically conceived as instruments of risk management, were used in an aggressive way in order to maximize short-term profit, but with weak valuation of medium and long-term effects. Moreover, it has been demonstrated that securitisation deals had a relevant impact both in provoking and fomenting the recent financial crisis. Due to the increased risk appetite by financial institutions in the years preceding the crisis, securitisation operations contributed to disseminate a situation of uncertainty with a generalized mistrust in the financial markets and in the solvency of financial intermediaries, causing the crisis to reach the global level.

General

Imprint: Lap Lambert Academic Publishing
Country of origin: Germany
Release date: May 2011
First published: May 2011
Authors: Stefano Filomeni
Dimensions: 229 x 152 x 7mm (L x W x T)
Format: Paperback - Trade
Pages: 108
ISBN-13: 978-3-8443-9455-9
Barcode: 9783844394559
Categories: Books > Business & Economics > Economics
Books > Business & Economics > Economics > General
LSN: 3-8443-9455-9

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