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Performance of Structured Finance: Capital Market Perception of Structured Finance in the Financial Crisis

Deb, Anit :
Performance of Structured Finance: Capital Market Perception of Structured Finance in the Financial Crisis.
[Online-Edition: urn:nbn:de:tuda-tuprints-31596]
TU Darmstadt , Darmstadt
[Ph.D. Thesis], (2012)

Official URL: urn:nbn:de:tuda-tuprints-31596

Abstract

Structured finance and securitization have become an established investment opportunity. However, the financial crisis revealed that high quality products are essential in order to restore investor confidence. This book presents the interactions of investment decisions, quality indicators like rating grades and the pricing of structured finance products in a critical market environment. As a consequence, stricter regulation is only recommendable after carefully regarding the complex interactions.

Item Type: Ph.D. Thesis
Erschienen: 2012
Creators: Deb, Anit
Title: Performance of Structured Finance: Capital Market Perception of Structured Finance in the Financial Crisis
Language: English
Abstract:

Structured finance and securitization have become an established investment opportunity. However, the financial crisis revealed that high quality products are essential in order to restore investor confidence. This book presents the interactions of investment decisions, quality indicators like rating grades and the pricing of structured finance products in a critical market environment. As a consequence, stricter regulation is only recommendable after carefully regarding the complex interactions.

Place of Publication: Darmstadt
Divisions: 01 Law and Economics > Betriebswirtschaftliche Fachgebiete > Corporate finance
01 Law and Economics > Betriebswirtschaftliche Fachgebiete
01 Law and Economics
Date Deposited: 26 Nov 2012 14:34
Official URL: urn:nbn:de:tuda-tuprints-31596
Referees: Schiereck, Prof. Dirk and Hommel, Prof. Ulrich
Refereed / Verteidigung / mdl. Prüfung: 20 September 2012
Alternative Abstract:
Alternative abstract Language
Verbriefungen und strukturierte Finanzierungen sind in der öffentlichen Wahrnehmung als Katalysatoren der Finanzmarktkrise gebrandmarkt und lassen den Ruf nach stärkerer Regulierung laut werden. Ein differenzierteres Bild ergibt sich allerdings in den hier betrachteten empirischen Studien. Die Ergebnisse betonen vielmehr die komplexen Zusammenhänge zwischen den Anlagezielen von Investoren, Ratingagenturen und der Bewertung von strukturierten Produkten in der Finanzmarktkrise. Infolgedessen ist eine stärkere Regulierung nur unter Berücksichtigung der Wechselwirkungen zu empfehlen.German
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