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  • © 2017

Securitization: Past, Present and Future

Palgrave Macmillan
  • Explores if and how securitization has changed financial intermediation and lending behaviour
  • Brings together the growing post-crisis empirical evidence by critically appraising it against pre-crisis arguments
  • Compares U.S. and European markets

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Table of contents (9 chapters)

  1. Front Matter

    Pages i-xix
  2. Introduction

    • Solomon Y Deku, Alper Kara
    Pages 1-5
  3. Mechanics of Securitization

    • Solomon Y Deku, Alper Kara
    Pages 7-30
  4. Securitization Structures

    • Solomon Y Deku, Alper Kara
    Pages 31-56
  5. A Historical and Regional Overview of Securitization

    • Solomon Y Deku, Alper Kara
    Pages 57-91
  6. Effects of Securitization on Banks and the Financial System

    • Solomon Y Deku, Alper Kara
    Pages 93-111
  7. Valuation of ABS Under Asymmetric Information

    • Solomon Y Deku, Alper Kara
    Pages 113-129
  8. The Role of Securitization in the 2007–2009 Crisis

    • Solomon Y Deku, Alper Kara
    Pages 131-143
  9. Securitization: Key Trends Since the Crisis

    • Martin Scheicher, Stefanie Wehmeyer
    Pages 145-167
  10. Concluding Remarks

    • Solomon Y Deku, Alper Kara
    Pages 169-171
  11. Back Matter

    Pages 173-177

About this book

This book aims to explore if and how securitization changed financial intermediation and lending behaviour by reviewing the pre- and post-financial crisis theoretical and empirical literature. The book’s distinctive feature is bringing the growing post-crisis empirical evidence to the attention of a wider audience by critically appraising it against pre-crisis arguments. With its thought-provoking insights, this book is of particular interest for students, practitioners and academics.

Authors and Affiliations

  • Nottingham Trent University, Nottingham, United Kingdom

    Solomon Y Deku

  • Loughborough University, Loughborough, United Kingdom

    Alper Kara

About the authors

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. 

Bibliographic Information

Buy it now

Buying options

eBook USD 119.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 159.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 159.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access