Mandated Risk Retention in Mortgage Securitization: An Economist's View
American Economic Review · 2014 · Volume 104 · Issue 5
Abstract
I evaluate the empirical premise and the economic logic of the Dodd-Frank Act's requirement that issuers of asset-backed securities retain credit risk.
Keywords
Banks, Depository Institutions, Micro Finance Institutions, Mortgages, Financial Institutions and Services: Government Policy and Regulation, Housing Supply and Markets, Production Analysis and Firm Location: Government Policy
Enable JavaScript for citation tools and additional paper interactions.