... financial crises. This is true when we consider securitization. In this paper, I examine securitization in a global historical context. I argue that securitization is not the relatively new phenomenon many believe it to be. What can be termed “crude”[ 7 ] forms of securitization trace their origins back...

...; hence, it is more difficult for government and quasi-government regulators to provide oversight. Financial markets Corporate finance Financial economics Financial crises Non-bank financial institutions Investment banking Financing policy classification – D53, G01, G23, G24, G30, G32...