메뉴 건너뛰기




Volumn 28, Issue 1-3, 2005, Pages 113-133

Does regulatory capital arbitrage, reputation, or asymmetric information drive securitization?

Author keywords

Banks; Debt; Regulatory capital; Securitization

Indexed keywords


EID: 27844530167     PISSN: 09208550     EISSN: None     Source Type: Journal    
DOI: 10.1007/s10693-005-4358-2     Document Type: Article
Times cited : (120)

References (25)
  • 1
    • 85005305538 scopus 로고
    • The market for 'lemons': Qualitative uncertainty and the market mechanism
    • Akerlof, G. "The Market for 'Lemons': Qualitative Uncertainty and the Market Mechanism." Quarterly Journal of Economics 89 (1970), 488-500.
    • (1970) Quarterly Journal of Economics , vol.89 , pp. 488-500
    • Akerlof, G.1
  • 3
    • 0034535025 scopus 로고    scopus 로고
    • Local economic risk factors and the primary and secondary mortgage markets
    • Ambrose, Brent W., and Anthony Pennington-Cross. "Local Economic Risk Factors and the Primary and Secondary Mortgage Markets." Regional Science and Urban Economics 30, no. 6 (2000), 683-701.
    • (2000) Regional Science and Urban Economics , vol.30 , Issue.6 , pp. 683-701
    • Ambrose, B.W.1    Pennington-Cross, A.2
  • 4
    • 10844257521 scopus 로고    scopus 로고
    • The effect of conforming loan status on mortgage yield spreads: A loan level analysis
    • Ambrose, Brent W., Michael LaCour-Little, and Anthony Sanders. "The Effect of Conforming Loan Status on Mortgage Yield Spreads: A Loan Level Analysis." Real Estate Economics 32, no. 4 (2004), 541-570.
    • (2004) Real Estate Economics , vol.32 , Issue.4 , pp. 541-570
    • Ambrose, B.W.1    Lacour-Little, M.2    Sanders, A.3
  • 6
    • 0039332045 scopus 로고    scopus 로고
    • The valuation of complex derivatives by major investment firms; empirical evidence
    • Bernardo, A.E., and B. Cornell. "The Valuation of Complex Derivatives by Major Investment Firms; Empirical Evidence." Journal of Finance 52, no. 2 (1997), 785-798.
    • (1997) Journal of Finance , vol.52 , Issue.2 , pp. 785-798
    • Bernardo, A.E.1    Cornell, B.2
  • 8
    • 12344311500 scopus 로고    scopus 로고
    • The pooling and tranching of securities: A model of informed intermediation
    • DeMarzo, Peter M. "The Pooling and Tranching of Securities: A Model of Informed Intermediation." Review of Financial Studies 18, no. 1 (2005), 1-35.
    • (2005) Review of Financial Studies , vol.18 , Issue.1 , pp. 1-35
    • DeMarzo, P.M.1
  • 9
    • 0002550734 scopus 로고    scopus 로고
    • A liquidity-based model of security design
    • DeMarzo, Peter M., and D. Duffie. "A Liquidity-Based Model of Security Design." Econometrica 67, no. 1 (1999), 65-99.
    • (1999) Econometrica , vol.67 , Issue.1 , pp. 65-99
    • DeMarzo, P.M.1    Duffie, D.2
  • 11
    • 38249035695 scopus 로고
    • Bank funding models: Securitization versus deposits
    • Greenbaum, Stuart, and Anjan Thakor. "Bank Funding Models: Securitization versus Deposits." Journal of Banking and Finance 11, no. 3 (1987), 379-401.
    • (1987) Journal of Banking and Finance , vol.11 , Issue.3 , pp. 379-401
    • Greenbaum, S.1    Thakor, A.2
  • 12
    • 0012838741 scopus 로고    scopus 로고
    • The role of capital in optimal banking supervision and regulation
    • Greenspan, Alan. "The Role of Capital in Optimal Banking Supervision and Regulation." Federal Reserve Bank of New York Policy Review 4 (1998), 163-168.
    • (1998) Federal Reserve Bank of New York Policy Review , vol.4 , pp. 163-168
    • Greenspan, A.1
  • 13
    • 0000446404 scopus 로고
    • Loan sales and standby letters of credit
    • James, Christopher. "Loan Sales and Standby Letters of Credit." Journal of Monetary Economics 22 (1988), 395-422.
    • (1988) Journal of Monetary Economics , vol.22 , pp. 395-422
    • James, C.1
  • 14
    • 84983978750 scopus 로고
    • Taxes, points, and rationality in the mortgage market
    • Kau, J.B., and D.C. Keenan. "Taxes, Points, and Rationality in the Mortgage Market." AREUEA Journal (1987), 168-183.
    • (1987) AREUEA Journal , pp. 168-183
    • Kau, J.B.1    Keenan, D.C.2
  • 15
    • 26044446806 scopus 로고    scopus 로고
    • Securitization: A new era in American finance
    • Leon Kendall and Michael J. Fishman, ed.. Cambridge: MIT Press
    • Kendall, Leon. "Securitization: A New Era in American Finance." In: Leon Kendall and Michael J. Fishman, ed., A Primer on Securitization. Cambridge: MIT Press, 1996.
    • (1996) A Primer on Securitization
    • Kendall, L.1
  • 16
    • 26044453965 scopus 로고    scopus 로고
    • The workings of private mortgage bankers and securitization conduits
    • Leon Kendall and Michael J. Fishman, ed.. Cambridge: MIT Press
    • Korrell, Mark. "The Workings of Private Mortgage Bankers and Securitization Conduits." In: Leon Kendall and Michael J. Fishman, ed., A Primer on Securitization. Cambridge: MIT Press, 1996.
    • (1996) A Primer on Securitization
    • Korrell, M.1
  • 17
    • 0141563432 scopus 로고    scopus 로고
    • A reconsideration of the jumbo/non-jumbo mortgage rate differential
    • McKenzie, Joseph A. "A Reconsideration of the Jumbo/Non-Jumbo Mortgage Rate Differential." Journal of Real Estate Finance and Economics 25 nos. 2/3, (2002), 197-214.
    • (2002) Journal of Real Estate Finance and Economics , vol.25 , Issue.2-3 , pp. 197-214
    • McKenzie, J.A.1
  • 18
    • 49449125071 scopus 로고
    • Determinants of corporate borrowing
    • Myers, S.C. "Determinants of Corporate Borrowing." Journal of Financial Economics 5 (1977), 147-175.
    • (1977) Journal of Financial Economics , vol.5 , pp. 147-175
    • Myers, S.C.1
  • 19
    • 21344451015 scopus 로고    scopus 로고
    • Putting the squeeze on the market for lemons: Government-sponsored mortgage securitization
    • Passmore, Wayne, and Roger Sparks. "Putting the Squeeze on the Market for Lemons: Government-Sponsored Mortgage Securitization." Journal of Real Estate Finance and Economics 13, no.l (1996), 27-44.
    • (1996) Journal of Real Estate Finance and Economics , vol.13 , Issue.50 , pp. 27-44
    • Passmore, W.1    Sparks, R.2
  • 20
    • 0141786774 scopus 로고    scopus 로고
    • GSEs, mortgage rates, and the long-run effects of mortgage securitization
    • Passmore, Wayne, Roger Sparks, and Jamie Ingpen. "GSEs, Mortgage Rates, and the Long-run Effects of Mortgage Securitization." Journal of Real Estate Finance and Economics 25, nos. 2/3 (2002), 215-242.
    • (2002) Journal of Real Estate Finance and Economics , vol.25 , Issue.2-3 , pp. 215-242
    • Passmore, W.1    Sparks, R.2    Ingpen, J.3
  • 21
    • 0010079740 scopus 로고    scopus 로고
    • The origins of securitization, sources of its growth, and its future potential
    • Leon Kendall and Michael J. Fishman, ed.. Cambridge: MIT Press
    • Ranieri, Lewis. "The Origins of Securitization, Sources of Its Growth, and Its Future Potential." In: Leon Kendall and Michael J. Fishman, ed., A Primer on Securitization. Cambridge: MIT Press, 1996.
    • (1996) A Primer on Securitization
    • Ranieri, L.1
  • 22
    • 0032393104 scopus 로고    scopus 로고
    • Mortgage choice: What's the point?
    • Stanton, R. and N. Wallace. "Mortgage Choice: What's the Point?" Real Estate Economics 26, 2 (1998), 173-205.
    • (1998) Real Estate Economics , vol.26 , Issue.2 , pp. 173-205
    • Stanton, R.1    Wallace, N.2
  • 23
    • 27844464015 scopus 로고    scopus 로고
    • Securitization in Europe
    • Bhattacharya and Fabozzi, ed.. New Hope, PA: Frank Fabozzi and Associates
    • Taylor, Paul. "Securitization in Europe." In: Bhattacharya and Fabozzi, ed., Asset-Backed Securities. New Hope, PA: Frank Fabozzi and Associates, 1996.
    • (1996) Asset-backed Securities
    • Taylor, P.1
  • 24
    • 0035193068 scopus 로고    scopus 로고
    • Effects of asset securitization on seller claimants
    • Thomas, Hugh. "Effects of Asset Securitization on Seller Claimants." Journal of Financial Intermediation 10 (2001), 306-330.
    • (2001) Journal of Financial Intermediation , vol.10 , pp. 306-330
    • Thomas, H.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.