Advanced Search
MyIDEAS: Login to save this article or follow this journal

Mortgage Securitization In Spain: A Risk Analysis For The Issuing Entities


Author Info

  • Iglesias Casal, Ana
  • López Penabad, María Celia
  • López Andión, Carmen
  • Maside Sanfiz, José Manuel


This paper examines the systemic risk reaction of banks’ stocks negotiated in the Spanish stock market to Mortgage Backed Securities. We use an event study methodology for securitization registration and issue dates from 1993 to 2010. The paper provides empirical evi-dence that securitization has a positive impact on the increase of Spanish bank’s systematic risk on the days following the registration and issue dates.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL:
Download Restriction: no

Bibliographic Info

Article provided by University of Santiago de Compostela. Faculty of Economics and Business. in its journal Revista Galega de Economía.

Volume (Year): 21 (2012)
Issue (Month): 2 ()

as in new window
Handle: RePEc:sdo:regaec:v:21:y:2012:i:2_14

Contact details of provider:
Postal: Avda Xoan XXIII S/N, 15704 Santiago de Compostela
Web page:
More information through EDIRC

Related research

Keywords: Securitization / Systematic risk / Event study;


No references listed on IDEAS
You can help add them by filling out this form.



This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.


Access and download statistics


When requesting a correction, please mention this item's handle: RePEc:sdo:regaec:v:21:y:2012:i:2_14. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ana Iglesias Casal).

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.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.

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