E44 - Financial Markets and the Macroeconomy - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T07:13:55+00:00Securitization under Asymmetric Information over the Business Cycle
https://www.bankofcanada.ca/2015/02/working-paper-2015-9/
This paper studies the efficiency of financial intermediation through securitization in a model with heterogeneous investment projects and asymmetric information about the quality of securitized assets. I show that when retaining part of the risk, the issuer of securitized assets may credibly signal its quality.2015-02-18T11:47:01+00:00enSecuritization under Asymmetric Information over the Business Cycle2015-02-18Business fluctuations and cyclesCredit and credit aggregatesEconomic modelsFinancial marketsFinancial stabilityFinancial system regulation and policiesWorking Paper 2015-9https://www.bankofcanada.ca/wp-content/uploads/2015/02/wp2015-9.pdfSecuritization under Asymmetric Information over the Business CycleMartin KunclFebruary 2015EE3E32E4E44GG0G01G2G20