RT Journal Article
T1 What drives bank securitisation? The Spanish experience
A1 Cardone Riportella, Clara
A1 Samaniego Medina, Reyes
A1 Trujillo Ponce, Antonio
AB This paper analyses the reasons why Spanish banks securitised in the period 2000–2007 on such a large scale that Spain has become the European country with the second-largest issuance volume after the UK. The results obtained by applying 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. We find no evidence to support hypotheses regarding credit risk transfer and regulatory capital arbitrage. Our study also presents a more detailed analysis that differentiates between asset and liability securitisation programmes.
PB Elsevier
SN 0378-4266
YR 2010
FD 2010-11
LK https://hdl.handle.net/10016/11312
UL https://hdl.handle.net/10016/11312
LA eng
DS e-Archivo
RD 1 sept. 2024