証券化とグローバル経済 Securitization and the Global Economy : History and Prospects for the Future

Buchanan, Bonnie G.

Palgrave Macmillan（2016/12発売）

• 製本 Hardcover:ハードカバー版／ページ数 251 p.
• 言語 ENG
• 商品コード 9781137349729
• DDC分類 368

Full Description

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, benefits, and sustainability 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.

Contents

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.