32 Pages Posted: 11 Apr 2005
Date Written: February 14, 2005
The following chapter critically surveys the attendant benefits and drawbacks of asset securitisation on both financial institutions and firms. It also elicits salient lessons to be learned about the securitisation of SME-related obligations from a cursory review of SME securitisation in Germany as a foray of asset securitisation in a bank-centred financial system paired with a strong presence of SMEs in industrial production.
Keywords: securitisation, ABS, structured finance, SME
JEL Classification: D81, G15, M20
Suggested Citation: Suggested Citation
Jobst, Andreas (Andy), Asset Securitisation as a Risk Management and Funding Tool: What Does it Hold in Store for SMES? (February 14, 2005). Available at SSRN: https://ssrn.com/abstract=700262 or http://dx.doi.org/10.2139/ssrn.700262
By Yibin Mu