A Primer on Structured Finance

Journal of Derivatives and Hedge Funds, Vol. 13, No. 3

ICFAI Journal of Risk Management, 2007

21 Pages Posted: 2 Nov 2005 Last revised: 16 Jun 2016

See all articles by Andreas (Andy) Jobst

Andreas (Andy) Jobst

International Monetary Fund (IMF) - European Department

Abstract

Regulatory concerns about the impact of structured claims on financial stability in times of stress are frequently too sweeping and indistinct for a judicious assessment of how structured finance transactions might propagate asset shocks across different capital market segments. This brief chapter defines structured finance in order to inform a more specific debate about possible regulatory challenges posed by complex forms of credit risk transfer.

Note: Parts of the article were previously published in "What is Structured Finance?," Securitization Conduit, Vol. 8, 2005/6.

Keywords: structured finance, credit risk transfer, asset-backed securitization (ABS), securitization, mortgage-backed securitization (MBS), collateralized debt obligation (CDO), credit default swap (CDS)

JEL Classification: D81, G15, M20

Suggested Citation

Jobst, Andreas A., A Primer on Structured Finance. Journal of Derivatives and Hedge Funds, Vol. 13, No. 3; ICFAI Journal of Risk Management, 2007. Available at SSRN: https://ssrn.com/abstract=832184 or http://dx.doi.org/10.2139/ssrn.832184

Andreas A. Jobst (Contact Author)

International Monetary Fund (IMF) - European Department ( email )

700 19th Street NW
Washington, DC 20431
United States
+1-202-538-2898 (Phone)

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