抵押贷款证券化及其信息不对称被引量：1

The Mortgage-Backed Securities and The Information Asymmetries

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摘要讨论抵押贷款证券化及其信息不对称。首先分析抵押贷款证券化及其结构,这不仅对理解抵押贷款证券化风险在参与人—发起人、发行人(SPV)、投资人及相关机构如保险机构等之间分配和转移至关重要,对提出风险的解决方法也是相当重要。然后讨论基于我国具体情况产生的抵押贷款风险、证券化过程中的信息不对称问题。 This paper discusses the mortgage-backed securities(MBS) and the information asymmetries in the MBS market.At first,we analysis the MBS and the structure,it is essential to understanding the allocation and transfer of risk among the different parties in the MBS-the originators,the special-purpose vehicle,investors,and related parties such as insurance guarantors,is also essential in proposing potential solutions of these risks in MBS.Then,we analysis the mortgage risk and the information asymmetries in the MBS structure base on our country's reality.

作者章凌云

机构地区华侨大学土木工程学院

出处《基建优化》 2007年第3期27-29,35,共4页 Optimization of Capital Construction

关键词抵押贷款证券化 MBS结构 MBS风险信息不对称 MBS MBS structure the risk of MBS information asymmetries

分类号 F830.55 [经济管理—金融学]

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