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Asset-backed securities- The key to unlocking Europe's credit markets?


  • Carlo Altomonte
  • Patrizia Bussoli


The European market for asset-backed securities (ABS) has all but closed for business since the start of the economic and financial crisis. ABS (see Box 1) were in fact the first financial assets hit at the onset of the crisis in 2008. The subprime mortgage meltdown caused a deterioration in the quality of collateral in the ABS market in the United States, which in turn dried up overall liquidity because...

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  • Carlo Altomonte & Patrizia Bussoli, 2014. "Asset-backed securities- The key to unlocking Europe's credit markets?," Policy Contributions 842, Bruegel.
  • Handle: RePEc:bre:polcon:842

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    Cited by:

    1. Sam Langfield & Marco Pagano, 2016. "Bank bias in Europe: effects on systemic risk and growth," Economic Policy, CEPR;CES;MSH, vol. 31(85), pages 51-106.
    2. Orçun Kaya & Oliver Masetti, 2019. "Small‐ And Medium‐Sized Enterprise Financing And Securitization: Firm‐Level Evidence From The Euro Area," Economic Inquiry, Western Economic Association International, vol. 57(1), pages 391-409, January.
    3. Nuno Silva, 2015. "The euro area financial network and the need for better integration," Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department.
    4. Bernd Rudolph, 2014. "Warum ABS schlechte Produkte sein können, aber nicht müssen," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 67(22), pages 09-14, November.

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