Default Risk Sharing Between Banks and Markets: The Contribution of Collateralized Debt Obligations
收藏NBER2005-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w11741
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资源简介：
This paper contributes to the economics of financial institutions risk management by exploring how loan securitization affects their default risk, their systematic risk, and their stock prices. In a typical CDO transaction a bank retains through a first loss piece a very high proportion of the
提供机构：
美国国家经济研究局
创建时间：
2005-11-01
