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The Role of Securitization in the 2007–2009 Crisis

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Securitization: Past, Present and Future

Abstract

The global financial crisis of 2007–2009 has drawn much attention to securitization and its role during and on the build up to the crisis. During the crisis securitization markets collapsed catastrophically after mortgage related instruments experienced severe credit quality deterioration. Subsequent spill over to other types of ABS resulted in large. Overall, the financial crisis exposed lapses in the securitization process and consequently pivoted the financial markets’ scrutiny towards non-traditional financing mechanisms such as structured finance.

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Authors and Affiliations

  1. Nottingham Trent University, Nottingham, UK

    Solomon Y Deku

  2. Loughborough University, Loughborough, UK

    Alper Kara

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  1. Solomon Y Deku
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  2. Alper Kara
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Correspondence to Solomon Y Deku .

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Deku, S.Y., Kara, A. (2017). The Role of Securitization in the 2007–2009 Crisis. In: Securitization: Past, Present and Future. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-60128-1_7

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  • DOI: https://doi.org/10.1007/978-3-319-60128-1_7

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-319-60127-4

  • Online ISBN: 978-3-319-60128-1

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

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