Asset securitisation as a risk management and funding tool : what does it hold in store for SMES?
- The following chapter critically surveys the attendant benefits and drawbacks of asset securitisation on both financial institutions and firms. It also elicits salient lessons to be learned about the securitisation of SME-related obligations from a cursory review of SME securitisation in Germany as a foray of asset securitisation in a bank-centred financial system paired with a strong presence of SMEs in industrial production. JEL Classification: D81, G15, M20
| Author: | Andreas A. Jobst |
|---|---|
| URN: | urn:nbn:de:hebis:30-16341 |
| URL: | http://papers.ssrn.com/sol3/papers.cfm?abstract_id=700262 |
| Document Type: | Report |
| Language: | English |
| Date of Publication (online): | 2005/09/26 |
| Year of first Publication: | 2005 |
| Publishing Institution: | Universitätsbibliothek Johann Christian Senckenberg |
| Release Date: | 2005/09/26 |
| Tag: | ABS; SME; securitisation; structured finance |
| HeBIS-PPN: | 195627172 |
| Institutes: | Wirtschaftswissenschaften / Wirtschaftswissenschaften |
| Dewey Decimal Classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
| Licence (German): |  Deutsches Urheberrecht |
