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Multirating decision model validation: the relevance of the quality of the securitization issues
(Incisive Media, 2013)
Rating enables the information asymmetry existing in the issuer-investor relationship to be reduced, particularly for issues with a high degree of complexity, as is the case of securitizations. However, there may be a ...
Corporate governance and procyclicality in a banking crisis: Empirical evidence and implications
(Elsevier, 2018-10-11)
This paper presents our analysis of a complete financial data set on the population of Spanish deposit institutions for the last credit cycle. This information is combined with details about the characteristics of the ...
Multi-tranche securitisation structures: more than just a zero-sum game?
(Taylor & Francis, 2018-08-06)
This paper explains multi-tranche structuring and the yield that securitisation bonds
offer by incorporating several factors into a comprehensive model. Results indicate that
the degree of complexity of multi-tranche ...