Tag Archives for securitization

The problem with treating a financial network like a financial market

Ten years after the financial crisis, the risks associated with securitisation are yet to be fully appreciated It is almost precisely ten years since BNP Paribas froze three investment funds linked to subprime securities, marking the start of one of the most significant financial crises and deepest recessions of our time. At the centre of this crisis was an obscure … Continue reading

23 August 2017 by
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European sovereign bond-backed securities: a dangerous idea

The securitization of European government bonds is likely to increase hierarchies in the Eurozone. Eurobonds represent the most viable path to fiscal solidarity and political union Recently, European policymakers and representatives of financial institutions met in Paris at a workshop organised by the European Systemic Risk Board, the body which is responsible for the macroprudential oversight of the EU financial … Continue reading

10 January 2017 by
Categories: SPERI Comment | Tags: , , , , , | 2 comments