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What do we know about banks securitisation? the spanish experience

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dc.affiliation.dptoUC3M. Departamento de Economía de la Empresaes
dc.contributor.authorCardone Riportella, Clara
dc.contributor.authorSamaniego Medina, Reyes
dc.contributor.authorTrujillo Ponce, Antonio
dc.contributor.editorUniversidad Carlos III de Madrid. Departamento de Economía de la Empresa
dc.date.accessioned2009-06-24T16:27:46Z
dc.date.available2009-06-24T16:27:46Z
dc.date.issued2009-06
dc.description.abstractThe present work analyses the reasons why Spanish financial entities have carried out securitisation programs in the period 2000-2007 on such a scale that Spain has become the European country with the largest issue volumes, second only to the U.K. The results obtained after the application of a logistic regression model to a sample of 408 observations indicate that liquidity and the search for improved performance are the decisive factors in securitisation. The hypotheses of transfer of credit risk and arbitrage in regulatory capital are not confirmed; therefore the normative development of Basel II cannot be expected to affect the volumes issued in future years. The study is complemented with a more detailed analysis, differentiating between programs of asset and liability securitisation
dc.format.mimetypeapplication/pdf
dc.identifier.repecwb093904
dc.identifier.urihttps://hdl.handle.net/10016/4507
dc.language.isoeng
dc.relation.ispartofseriesUC3M Working Paper. Business Economic Series
dc.relation.ispartofseries09-04
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España
dc.rights.accessRightsopen access
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.ecienciaEmpresa
dc.subject.jelG21
dc.subject.jelG28
dc.subject.otherSecuritisation
dc.subject.otherABS
dc.subject.otherCDO
dc.subject.otherCredit risk transfer
dc.subject.otherRegulatory capital arbitrage
dc.titleWhat do we know about banks securitisation? the spanish experience
dc.typeworking paper*
dspace.entity.typePublication
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