PL EN


2010 | 1(13) | 59-78
Article title

O motywach i skutkach sekurytyzacji w swietle wynikow badan empirycznych

Title variants
EN
ABOUT MOTIVES BEHIND SECURITIZATION AND ITS IMPLICATIONS: AN OVERVIEW OF EMPIRICAL FINDINGS
Languages of publication
PL
Abstracts
EN
This article reviews empirical findings concerning motives behind securitization and its implications. It turns out that the main reasons for securitization are: earnings management, regulatory capital arbitrage, liquidity management and funding problems. Securitization favours risk taking by entities in bad financial conditions and weakens, in some cases, incentives for careful screening of potential borrowers. On the macroeconomic level securitization lowers credit interest rates in the long term.
Year
Issue
Pages
59-78
Physical description
Document type
ARTICLE
Contributors
  • Krzysztof Jackowicz, Akademia Leona Kozminskiego, ul. Jagiellonska 57/59, 03-301 Warszawa, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
11PLAAAA09264
YADDA identifier
bwmeta1.element.6fa7e795-eb7e-3cd8-857d-17a6b855f383
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