IDEAS home Printed from https://ideas.repec.org/a/ovi/oviste/vxviiy2017i1p611-615.html
   My bibliography  Save this article

Speaking of Securitization of Financial Assets

Author

Listed:
  • Munteanu Bogdan

    (National School of Political and Administrative Studies)

Abstract

The history of securitization dates back to “Middle Ages†, as it has emerged into today’srefinements under various ways of obtaining liquidity to finance business growth. As today manyblame securitization and low interest rates for the American crisis, this paper aims at sheddinglight upon what this technique is, what are its benefits and why the past economic growth expandedbased on pools of pledged assets. The main risk of securitization is that the systematic risk (beta) ofthe market is less relevant then the assets’ inner risks (alpha), as this technique creates tailor madeproducts with very specific features. The relevance of securitization will remain open for futureanalysis in America as basis for creating investment resources to sustain development after thegloomy days of September 2008.

Suggested Citation

  • Munteanu Bogdan, 2017. "Speaking of Securitization of Financial Assets," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 611-615, June.
    • Handle: RePEc:ovi:oviste:v:xvii:y:2017:i:1:p:611-615
    as

    Download full text from publisher

    File URL: http://stec.univ-ovidius.ro/html/anale/RO/2017/Section-V/40.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    asset classes; interest rates; liquidity; ratings; securitization; tranching;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ovi:oviste:v:xvii:y:2017:i:1:p:611-615. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gheorghiu Gabriela (email available below). General contact details of provider: https://edirc.repec.org/data/feoviro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.