Securitization and Economic Activity : The Credit Composition Channel
Using an international panel of 104 countries over the period 1995–2012, we analyze the relationship between country-level securitization and economic activity. Our findings suggest that securitization is negatively related to various proxies of economic activity – even prior to the crisis of 2007–2...
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Elsevier
2018
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| Online Access: | http://hdl.handle.net/10986/29435 |