Mandated Risk Retention in Mortgage Securitization: An Economist's View
- (pp. 82-87)
AbstractI evaluate the empirical premise and the economic logic of the Dodd-Frank Act's requirement that issuers of asset-backed securities retain credit risk.
CitationWillen, Paul. 2014. "Mandated Risk Retention in Mortgage Securitization: An Economist's View." American Economic Review, 104 (5): 82-87. DOI: 10.1257/aer.104.5.82
- G21 Banks; Depository Institutions; Micro Finance Institutions; Mortgages
- G28 Financial Institutions and Services: Government Policy and Regulation
- R31 Housing Supply and Markets
- R38 Production Analysis and Firm Location: Government Policy