The Future of Securitization
Steven L. Schwarcz
Duke University School of Law
May 31, 2012
Connecticut Law Review, Vol. 41, No. 4, p.1313 2009
Securitization, a process in which firms can raise low-cost financing by efficiently allocating asset risks with investor appetite for risk, has been one of the most dominant and fastest-growing means of capital formation in the United States and the world. The subprime financial crisis, however, has revealed certain defects with how securitization is sometimes utilized. This Article examines these defects and the extent they can, and should, be remedied going forward.
Number of Pages in PDF File: 13
Date posted: November 18, 2008 ; Last revised: December 28, 2014
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