Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/57709
Authors: 
Erber, Georg
Year of Publication: 
2011
Citation: 
[Journal:] DIW Economic Bulletin [ISSN:] 2192-7219 [Volume:] 1 [Year:] 2011 [Issue:] 6 [Pages:] 3-11
Abstract: 
After the financial markets slumped worldwide in 2008, securitizations were seen as a major cause of the conflagration. The securitization market dried up because this financial instrument was no longer trusted. At the time, no one thought securitizations had any future as a financial innovation. However, just three years after the financial meltdown, the securitization market in the US has made a recovery, despite its continued systemic risks. There is still no unified regulatory framework nor binding transparency. Hardly anything has been learnt from the financial crisis of 2008.
Subjects: 
securitization
financial market crisis
ratings
JEL: 
G21
G24
G28
Document Type: 
Article

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