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Skin in the Game and Moral Hazard

Hennessy, Christopher A. - ; Chemla, Gilles. - ;

What determines securitization levels, and should they be regulated? to address these questions we develop a model where originators can exert unobservable effort to increase expexted asset quality, subsequently having private information regarding quality when selling ABS to rational investors. .Printed Journal


Ketersediaan

Call NumberLocationAvailable
JOF6904PSB lt.dasar - Pascasarjana1
Penerbit: The American Finance Asosiation
Edisi-
SubjekAsset quality
securitixation levels
absent regulation
effort incentive
zero retentions.
ISBN/ISSN221082
Klasifikasi-
Deskripsi Fisik-
Info Detail Spesifik-
Other Version/RelatedTidak tersedia versi lain
Lampiran BerkasTidak Ada Data

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