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Reseach On Prevention Of Asset Securition's Risk Based On Information Economics In China

Posted on:2012-05-17Degree:MasterType:Thesis
Country:ChinaCandidate:Z P YuFull Text:PDF
GTID:2219330338498860Subject:Finance
Abstract/Summary:PDF Full Text Request
Asset securitization is the world's financial sector, nearly 30 years the most important financial innovations of. "If there is a stable cash flow, it will be securitized." This is the famous Wall Street. Size of the U.S. asset securitization, with 18% compound growth rate of rapid development, but academic research and operation is relatively backward in comparison. The sub-prime crisis, the U.S.Securities and finally broke out of the question, all parties to the Securitization criticized, information economics, this article attempts to combine the current issue of asset securitization, and our development of asset securitization recommendations. Securities in the initial stages of a truly effective solution to the problem of asymmetric information order, however, continued in-depth with the securities and derivatives development and application of a large number, and then created a new problem of asymmetric information, which leads to the constant risk accumulated, and finally led to U.S. financial crisis.In this paper, the risk of asset securitization, principle were introduced, while the process of securitization of assets play an important role in the objective assessment of institutional analysis, analysis of asset securitization in its traditional role and status, and combined with rent-seeking theory explain it. Finally, asset securitization of risk prevention policy recommendations.
Keywords/Search Tags:Assetsecuritization, SPV, information asymmetry, morality, adverse choices
PDF Full Text Request
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