Structured Finance and Credit Ratings: A Continuous-Time Moral Hazard Model

碩士 === 國立交通大學 === 應用數學系數學建模與科學計算碩士班 === 100 === We analyze the impact of structured finance on underwriting practices in a continuous-time moral hazard model. We show that increased securitization may decrease underwriting standards, and hence lead to a decline in credit quality. Many investors base...

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Bibliographic Details
Main Authors: Lee, Ping-Heng, 李秉恆
Other Authors: Sheu, Yuan-Chung
Format: Others
Language:en_US
Published: 2011
Online Access:http://ndltd.ncl.edu.tw/handle/84427072466048741607