Securitization: Past, Present and Future

Solomon Y Deku is a Lecturer in Accounting and Finance at Nottingham Trent University, UK. He holds a BSc in Administration (Banking & Finance) from the University of Ghana and an MSc Financial Management from the University of Hull, UK. Solomon started his career as a junior accountant in Accra, Ghana, before becoming a Billings Analyst for the Economist Group, UK. He became a Chartered Accountant in 2013 and was awarded a scholarship for his PhD program by the Hull University Business School, UK. His research interests include securitization and financial exclusion. Alper Kara, PhD, is a Senior Lecturer in Finance at the Loughborough University’s School of Business and Economics, UK. Previously, Dr Kara worked in various capacities at the Hull, Leicester, Robert Gordon and Bangor Universities, UK. Dr Kara’s research interests and publication record cover a range of topics, including securitization, syndicated bank lending, bank governance and households’ access to finance and financial exclusion. Preceding his academic career, Dr Kara worked in the banking industry as a trader in the international bond and foreign exchange markets. 

Chapter 1: Introduction.- Chapter 2: Mechanics of Securitization.-Chapter 3: Securitization Structures.-Chapter 4: A Historical and Regional Overview of Securitization.- Chapter 5: Effects of Securitization on Banks and the Financial System.- Chapter 6: Valuation of ABS under Asymmetric Information.-Chapter 7: The Role of Securitization in 2007-2009 Crisis.-Chapter 8: Securitization: Key Trends since the Crisis.-Chapter 9: Concluding remarks.