American Economic Review
ISSN 0002-8282 (Print) | ISSN 1944-7981 (Online)
Mandated Risk Retention in Mortgage Securitization: An Economist's View
American Economic Review
vol. 104,
no. 5, May 2014
(pp. 82–87)
Abstract
I evaluate the empirical premise and the economic logic of the Dodd-Frank Act's requirement that issuers of asset-backed securities retain credit risk.Citation
Willen, Paul. 2014. "Mandated Risk Retention in Mortgage Securitization: An Economist's View." American Economic Review, 104 (5): 82–87. DOI: 10.1257/aer.104.5.82Additional Materials
JEL Classification
- G21 Banks; Depository Institutions; Micro Finance Institutions; Mortgages
- G28 Financial Institutions and Services: Government Policy and Regulation
- R31 Housing Supply and Markets
- R38 Production Analysis and Firm Location: Government Policy