Bank assets securitization leads to «black swan» effect
Keywords:
securitization, assets securitization, bank assets securitization, “Black Swan” effect, mortgage crisis, world financial crisis
Abstract
The article gives the definition of the term “bank assets securitization” as well as its main characteristics, suggestes definition of the “assets securitization” on the basis of analyzed terms the generalized. The bank assets securitization is considered as the precondition for the “Black Swan” effect in terms of the USA mortgage crisis, that provoked the world financial crisis.
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References
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Бэр X. П. Секьюритизация активов: секьюритизация финансовых активов – инновационная техника финансирования банков / Х. П. Бэр / Пер. с нем. Ю. М. Алексеева, О. М. Иванова. – М. : Волтерс Клувер, 2007. – 624 с.
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Киргизов А. Секьюритизация долгосрочных кредитов / А. Киргизов // Банковское обозрение. – 2013. – № 1 – С. 9-12.
Роуз П. С. Банковский менеджмент. Предоставление финансовых услуг / Пер. с англ. / П. С. Роуз. – 2-е изд. – М. : Дело, 1997. – 743 с.
Селивановский А. Правовые риски ипотечного агента / А. Селивановский, В. Гафарова // Хозяйство и право. – 2005. – № 8. – С. 9-10.
Туктаров Ю. Секьюритизация и инвестиционные фонды / Ю. Туктаров // Рынок ценных бумаг. – 2005. – № 16. – C. 54-59.
Acharya Viral V. Securitization without risk transfer / Viral V. Acharya, Philipp Schnabl, Gustavo Suarez // Journal of Financial Economics. – Elsevier, 2013. –vol. 107(3). – pp. 515-536.
Soros George. The new paradigm of the financial markets / George Soros // Public Affairs, New York. – 2008.
Uwaifo E. Key issues in structuring a synthetic securitisation transaction / E. Uwaifo, M. Greenberg // Europe Securitisation and Structured Finance Guide. – 2001.
Талеб Н. Н. Черный лебедь. Под знаком непредсказуемости / Н. Н. Талеб. [Электронный ресурс]. – Режим доступа : http://g-forex.net/knigi/Chyornij%20lebedj.%20Pod%20znakom%20nepredskazuemosti.pdf
Jogo Santos. Securitisation and Risk / Jogo Santos. [Electronic resource]. – Way of access : http://azizonomics.com/
Cited
How to Cite
Shuba, M., Karpenko, K., & Moroz, O. (1). Bank assets securitization leads to «black swan» effect. The Journal of V. N. Karazin Kharkiv National University. Series: International Relations. Economics. Country Studies. Tourism, (5), 123-126. Retrieved from https://periodicals.karazin.ua/irtb/article/view/6630
Section
Economy
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