An economic model of shadow banking : double tranches and heterogeneous risk tolerance

• المؤلفون الرئيسيون: Hu, Zehui, Long, Zijie, Yang, Yi
• مؤلفون آخرون: Wu Guiying Laura
• التنسيق: Final Year Project
• اللغة: English
• منشور في: 2016
• الموضوعات: DRNTU::Social sciences::Economic theory::Macroeconomics
• الوصول للمادة أونلاين: http://hdl.handle.net/10356/66914

Faced with the expansion of accumulated non-performing loans (NPLs), commercial banks widely adopt a financial process of “securitization” to reduce NPLs and transfer credit risks to the debt market. However, repercussions of the subprime mortgage crisis have prompted regulators to contemplate broad...