Tag Archives: structured finance

Understanding Structured Finance

The phenomenon of structured finance or what is popularly known as securitization played an important role in the current financial crisis. The following two papers serve as a good guide to this aspect of finance and its implications.

Coval, Joshua, Jakub Jurek, and Erik Stafford. 2009. “The Economics of Structured Finance.” Journal of Economic Perspectives, 23(1): 3–25.

Adam B. Ashcraft and Til Schuermann, “Understanding the Securitization of Subprime Mortgage Credit,” Foundations and Trends in Finance 2, no. 3 (July 2008): 191-309.

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Filed under current economic issues, macroeconomics