July 2008
Beginner
384 pages
9h 52m
English
Content preview from Introduction to Securitization
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CHAPTER 15
Concerns with Securitization’s Impact on Financial Markets and Economies
In the previous chapter, we reviewed the benefits of securitization to financial markets and economies. In this chapter, we describe the concerns that have been identified by regulators and economists with securitization. These concerns are:
• Reduces the effectiveness of monetary policy.
• Adverse impact on banks.
• Lax underwriting standards and poorly designed securities.
• Increases opaqueness of bank risk.
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