The Case for Covered Bonds: An Alternative Funding Model for the US Mortgage Market

23 Pages Posted: 24 Jun 2009

See all articles by Rita Biswas

Rita Biswas

University at Albany - SUNY

David A. Buzen

Churchill Financial Holdings LLC

Hany A. Shawky

State University of New York at Albany - School of Business and Center for Institutional Investment Management

Date Written: June 24, 2009

Abstract

In this paper we highlight the salient features of Covered Bonds in relation to MBS, and argue for their introduction to the US market accompanied with the appropriate legislative structure and oversight. The Covered Bond market has the potential of adding significant measure of stability to the banking system while becoming an important source of long-term funding for residential and commercial mortgage loans in the United States.

JEL Classification: G11, G12, G15

Suggested Citation

Biswas, Rita and Buzen, David A. and Shawky, Hany A., The Case for Covered Bonds: An Alternative Funding Model for the US Mortgage Market (June 24, 2009). Available at SSRN: https://ssrn.com/abstract=1425137 or http://dx.doi.org/10.2139/ssrn.1425137

Rita Biswas

University at Albany - SUNY ( email )

1400 Washington Ave.
Albany, NY 12222
United States
518-442-4996 (Phone)
518-442-3045 (Fax)

David A. Buzen

Churchill Financial Holdings LLC ( email )

NY
United States

Hany A. Shawky (Contact Author)

State University of New York at Albany - School of Business and Center for Institutional Investment Management ( email )

School of Business
1400 Washington Ave.
Albany, NY 12222
United States
518-442-4921 (Phone)
518-442-3944 (Fax)

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