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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

Andreas (Andy) Jobst

World Bank Group

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.

Notes: 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 (Andy), 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)

World Bank Group ( email )

1818 H Street, NW
Washington, DC 20433
United States
+1-202-473-0626 (Phone)

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