Milena Marinova

Doctoral thesis

Securitization - A critical assessment in the light of the financial crisis

Securitization- A critical assessment in the light of the financial crisis
Abstract:
My dissertation thesis provides a comprehensive analysis of the principles of securitization techniques, of their attendant shortcomings, their regulatory treatment and the recent proposals for reducing complexity in accounting standards with relevance for securitizations. The explosion of securitization and related innovative credit risk transfer products largely expanded the magnitude and diversity …more
Abstract:
eristics of securitization techniques which were pre-crisis wrongly perceived as benefits. I analyze the reasons for the turmoil in the financial markets in their interplay and complexity and consider securitization techniques as a key driver for the financial crisis. I comprehensively criticize the current regulatory treatment. I present in detail why the recent financial crisis should be considered …more
Abstract:
My dissertation thesis provides a comprehensive analysis of the principles of securitization techniques, of their attendant shortcomings, their regulatory treatment and the recent proposals for reducing complexity in accounting standards with relevance for securitizations. The explosion of securitization and related innovative credit risk transfer products largely expanded the magnitude and diversity …more
Abstract:
eristics of securitization techniques which were pre-crisis wrongly perceived as benefits. I analyze the reasons for the turmoil in the financial markets in their interplay and complexity and consider securitization techniques as a key driver for the financial crisis. I comprehensively criticize the current regulatory treatment. I present in detail why the recent financial crisis should be considered …more
 
 
Language used: English
Date on which the thesis was submitted / produced: 1. 10. 2007

Thesis defence

  • Date of defence: 5. 2. 2010
  • Supervisor: Lenka Krupová
  • Reader: Petr Marek, Jiří Doubravský

Citation record

Full text of thesis

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http://www.vse.cz/vskp/eid/27959