Asset Securitization: Basic Theory and Case Analysis

Author: Li Yao
Publisher:
Publish Date: 2001-12-01
Features: This book elaborates on the concept, operational steps, main product varieties, and various related institutions of asset securitization. It analyzes the drivers of securitization, its cost-benefit, impact on the macro-financial system, and innovations in the financial theory system. Furthermore, it explores accounting, taxation, legal, and regulatory issues related to asset securitization. Finally, it focuses on two domestically discussed hot areas—home mortgage loan securitization and bank non-performing asset securitization—presenting the author's own views. Appendices at the end of the book include five case studies and securitization regulations from regions such as South Korea and Hong Kong, China.