Asset Securitisation as a Risk Management and Funding Tool: What Does it Hold in Store for SMES?

Managerial Finance, Vol. 32, No. 9, pp. 731-60

Posted: 21 Jun 2007  

Andreas (Andy) Jobst

World Bank Group

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Abstract

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

Jobst, Andreas (Andy), Asset Securitisation as a Risk Management and Funding Tool: What Does it Hold in Store for SMES?. Available at SSRN: https://ssrn.com/abstract=995743

Andreas A. Jobst (Contact Author)

World Bank Group ( email )

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Washington, DC 20433
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