DIW Weekly Report 6 / 2011, S. 3-11
Georg Erber
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After the financial markets slumped worldwide in 2008, securitizations were seen as a major cause of the conflagration. The securitization market dried up because this financial instrument was no longer trusted. At the time, no one thought securitizations had any future as a financial innovation. However, just three years after the financial meltdown, the securitization market in the US has made a recovery, despite its continued systemic risks. There is still no unified regulatory framework nor binding transparency. Hardly anything has been learnt from the financial crisis of 2008.
Topics: Financial markets
JEL-Classification: G21;G24;G28
Keywords: securitization, financial market crisis, ratings
Frei zugängliche Version: (econstor)
http://hdl.handle.net/10419/57709