Effect of Bank Assets Securitization in Investment Flows: A CrossCountry Analysis
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Published:
Jul 1, 2020
Keywords:
Bank assets, Securitization, Investment, GMM
License:
Это произведение доступно по лицензии Creative Commons «Attribution-ShareAlike» («Атрибуция — На тех же условиях») 4.0 Всемирная
Это произведение доступно по лицензии Creative Commons «Attribution-ShareAlike» («Атрибуция — На тех же условиях») 4.0 Всемирная
Section
Статьи
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Abstract
Abstract: In modern financial architecture, banks actively engage in financial market operations to ensure the stability
and efficiency of their activities. The latest trends in banking sector highlight the active role commercial banks play by
securing their assets in securitization practices. The lessons from the global financial crisis show that securitization is
one of the main methods for securing the soundness of bank assets as an investment tool. This paper investigates the
impact of bank assets securitization on investment flows in 30 advanced and transition economies by applying GMM
method. The results proved that securitization of bank assets significantly stimulates the inflow of investments towards
selected economies.
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How to Cite
Duskobilov, U., & Akhmedov, A. (2020). Effect of Bank Assets Securitization in Investment Flows: A CrossCountry Analysis. Scientific Research Archive, (19). Retrieved from https://ejournal.tsue.uz/index.php/archive/article/view/2232
References
1. Abdelsalam, O., Elnahass, M. and Mollah,S. (). Asset securitization and bank risk: do religiosity or ownership structure matter? Swansea University School of Management Working Papers. No. 2018 -17. Crossref
2. Altunbas, Y., Gambacorta, L. and Marqués, D. (2007). Securitization and the bank lending channel. European Central Bank Working Paper Series, No. 838/2007. Crossref
3. Cetorelli, N. and Peristiani, S. (2012). The Role of Banks in Asset Securitization. The Federal Reserve Bank of New York Economic Policy Review, Ed. 7/2012, pp. 47-63.
4. Clemens Bonnera, C., Streitzb, D. and Wedowc, M. (2016). On the differential impact of securitization on bank lending during the financial crisis. De Nederlandsche Bank Working Papers. No.501. Crossref
5. Dionne, G. and Harchaoui, M. (2008). Bank capital, securitization and credit risk: an empirical evidence. Insurance and Risk Management, vol. 75(4), pp. 459-485.
6. Greenbaum, S. and Thakor, A. (1987). Bank funding modes: securitization versus deposits. Journal of Banking and Finance, vol 11, pp. 379-401. Crossref
7. Nuzzo, G. (2017). A critical review of the statistics on the size and riskiness of the securitization market: evidence from Italy and other euro-area countries. Proceedings of IFC-National Bank of Belgium Workshop on "Data needs and Statistics compilation for macroprudential analysis". Brussels, Belgium, 18-19 May 2017. Crossref
8. Scopelliti, A. (2013). Off-balance sheet credit exposure and asset securitization: what impact on bank credit supply? MPRA Papers. No. 43890.
2. Altunbas, Y., Gambacorta, L. and Marqués, D. (2007). Securitization and the bank lending channel. European Central Bank Working Paper Series, No. 838/2007. Crossref
3. Cetorelli, N. and Peristiani, S. (2012). The Role of Banks in Asset Securitization. The Federal Reserve Bank of New York Economic Policy Review, Ed. 7/2012, pp. 47-63.
4. Clemens Bonnera, C., Streitzb, D. and Wedowc, M. (2016). On the differential impact of securitization on bank lending during the financial crisis. De Nederlandsche Bank Working Papers. No.501. Crossref
5. Dionne, G. and Harchaoui, M. (2008). Bank capital, securitization and credit risk: an empirical evidence. Insurance and Risk Management, vol. 75(4), pp. 459-485.
6. Greenbaum, S. and Thakor, A. (1987). Bank funding modes: securitization versus deposits. Journal of Banking and Finance, vol 11, pp. 379-401. Crossref
7. Nuzzo, G. (2017). A critical review of the statistics on the size and riskiness of the securitization market: evidence from Italy and other euro-area countries. Proceedings of IFC-National Bank of Belgium Workshop on "Data needs and Statistics compilation for macroprudential analysis". Brussels, Belgium, 18-19 May 2017. Crossref
8. Scopelliti, A. (2013). Off-balance sheet credit exposure and asset securitization: what impact on bank credit supply? MPRA Papers. No. 43890.