结构性产品、资产支持证券:系统性错误定价带来的机会

POL: Resource Financing Strategies (Topic) Pub Date : 2008-08-01 DOI:10.2139/ssrn.1898733

Brandes Institute

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引用次数: 0

摘要

近几个月来，由于抵押贷款行业和证券化债务的不确定性，资产支持证券引起了人们的关注。本文考察了次级抵押贷款池的“繁荣/萧条”周期，并证明了评级机构及其评级的长期看法可能是一种风险或机会。

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Structured Products Asset-Backed Securities: Opportunities Resulting from Systematic Mispricing

Asset-backed securities have attracted attention in the recent months amid the uncertainty surrounding the mortgage sector and securitized debt. This paper examines the “boom/bust” cycle of sub-prime mortgage pools, and demonstrates how long standing perceptions of rating agencies and their ratings could potentially be either a risk or an opportunity.

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POL: Resource Financing Strategies (Topic)

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