An economic model of shadow banking : double tranches and heterogeneous risk tolerance
Faced with the expansion of accumulated non-performing loans (NPLs), commercial banks widely adopt a financial process of “securitization” to reduce NPLs and transfer credit risks to the debt market. However, repercussions of the subprime mortgage crisis have prompted regulators to contemplate broad...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2016
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/66914 |