Speaking of Securitization of Financial Assets
The history of securitization dates back to “Middle Ages”, as it has emerged into today’s refinements under various ways of obtaining liquidity to finance business growth. As today many blame securitization and low interest rates for the American crisis, this paper aims at shedding light upon what t...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Ovidius University Press
2017-01-01
|
| Series: | Ovidius University Annals: Economic Sciences Series |
| Subjects: | |
| Online Access: | http://stec.univ-ovidius.ro/html/anale/RO/2017/Section-V/40.pdf |
| _version_ | 1830130666804609024 |
|---|---|
| author | Munteanu Bogdan |
| author_facet | Munteanu Bogdan |
| author_sort | Munteanu Bogdan |
| collection | DOAJ |
| description | The history of securitization dates back to “Middle Ages”, as it has emerged into today’s refinements under various ways of obtaining liquidity to finance business growth. As today many blame securitization and low interest rates for the American crisis, this paper aims at shedding light upon what this technique is, what are its benefits and why the past economic growth expanded based on pools of pledged assets. The main risk of securitization is that the systematic risk (beta) of the market is less relevant then the assets’ inner risks (alpha), as this technique creates tailor made products with very specific features. The relevance of securitization will remain open for future analysis in America as basis for creating investment resources to sustain development after the gloomy days of September 2008. |
| first_indexed | 2024-12-17T06:01:19Z |
| format | Article |
| id | doaj.art-a87fa669e747404695f0712eee527aef |
| institution | Directory Open Access Journal |
| issn | 2393-3127 |
| language | English |
| last_indexed | 2024-12-17T06:01:19Z |
| publishDate | 2017-01-01 |
| publisher | Ovidius University Press |
| record_format | Article |
| series | Ovidius University Annals: Economic Sciences Series |
| spelling | doaj.art-a87fa669e747404695f0712eee527aef2022-12-21T22:00:53ZengOvidius University PressOvidius University Annals: Economic Sciences Series2393-31272017-01-01XVII1611615Speaking of Securitization of Financial AssetsMunteanu Bogdan0National School of Political and Administrative Studies, Bucharest, RomaniaThe history of securitization dates back to “Middle Ages”, as it has emerged into today’s refinements under various ways of obtaining liquidity to finance business growth. As today many blame securitization and low interest rates for the American crisis, this paper aims at shedding light upon what this technique is, what are its benefits and why the past economic growth expanded based on pools of pledged assets. The main risk of securitization is that the systematic risk (beta) of the market is less relevant then the assets’ inner risks (alpha), as this technique creates tailor made products with very specific features. The relevance of securitization will remain open for future analysis in America as basis for creating investment resources to sustain development after the gloomy days of September 2008.http://stec.univ-ovidius.ro/html/anale/RO/2017/Section-V/40.pdfasset classesinterest ratesliquidityratingssecuritizationtranching |
| spellingShingle | Munteanu Bogdan Speaking of Securitization of Financial Assets Ovidius University Annals: Economic Sciences Series asset classes interest rates liquidity ratings securitization tranching |
| title | Speaking of Securitization of Financial Assets |
| title_full | Speaking of Securitization of Financial Assets |
| title_fullStr | Speaking of Securitization of Financial Assets |
| title_full_unstemmed | Speaking of Securitization of Financial Assets |
| title_short | Speaking of Securitization of Financial Assets |
| title_sort | speaking of securitization of financial assets |
| topic | asset classes interest rates liquidity ratings securitization tranching |
| url | http://stec.univ-ovidius.ro/html/anale/RO/2017/Section-V/40.pdf |
| work_keys_str_mv | AT munteanubogdan speakingofsecuritizationoffinancialassets |