A Study of Asset Securitization Market Risk and Prevention
|School||Harbin Engineering University|
|Keywords||Asset Securitization Market risk Risk prevention|
1970s , the rise in interest rates and exchange rate fluctuations makes more concerned about their own risk exposure of banks and savings institutions , financial institutions facing enormous challenges in the management of assets and liabilities . The generation of asset securitization can sell its issuance of long-term loans , short-term investments of the funds , to solve the problem of asymmetric balance period . Since 2006 , the outbreak of the U.S. subprime mortgage crisis triggered turmoil in the international financial markets . The urgent need to analyze and resolve of the people as a major innovation in the financial markets , asset securitization , asset securitization market risk issues . On the basis of the definition of securitization market risk , from microscopic securitization participants : the original debtor , the originator , the SPV , the credit rating and the increased level institutions and its macroeconomic impact factors : monetary policy , the economic cycle , the real economy in asset prices the extent and value of the deviation from the perspective of financial globalization , the analysis of the securitization market risk causes conduction mechanism , and the U.S. \risk transfer process ; own property and market risk based on asset securitization , the establishment of a theoretical model of the asset securitization market risk ; asset securitization not a long time for our country , there is a larger gap with the international situation , in this article from the Chinese characteristics of asset securitization to discuss the formation mechanism of the risk facing the market , and for our securitization practice and policy , from the in securitized products angle and macro securitized products in the external environment running separately proposed micro promote China the healthy development of the securitization suggestions .