Pooling, tranching, and credit expansion
Traditionally banks have used securitization for expanding credit and thus their profitability. It has been well documented that, at least before the 2008 crisis, many banks were keeping a high proportion of the securities that they created on their own balance-sheets. Those securities retained incl...
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| Format: | Article |
| Language: | English |
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Oxford University Press
2014
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| Online Access: | http://eprints.nottingham.ac.uk/36132/ http://eprints.nottingham.ac.uk/36132/ http://eprints.nottingham.ac.uk/36132/ http://eprints.nottingham.ac.uk/36132/1/PoolingTranchingCreditExpansion%20OEP%20Rev2.pdf |