Financial Markets and Products

International Financial Markets and Structured Products
In the wake of the financial crisis that began in the summer of 2007 in the U.S. subprime mortgage market, governments of major financial markets throughout the world are taking various steps to strengthen market regulation.
 
The importance of one sub-sector of the capital market, the residential mortgage-backed securitization sector, can be clearly seen from the devastating adverse global impact of the sub-prime mortgage crisis (i.e., collapse in the market for residential mortgage-backed securities backed by borrowers with an impaired credit history). But this alone does not indicate the importance of the securitization technology and the role of the markets for the products created. With increasing capital requirements by banks, the world’s capital needs will not be met by using the balance sheets of the world’s banks. There is simply insufficient capital. The securitization process which involves pooling loans/receivables and issuing securities backed by that pool of loans will be one of the long-term solutions. Thus, an understanding of this market is critical.
 
Contact: Dennis Vink
Blog Prof. Dr. Ivo Arnold

Ivo Arnold is Professor of Economics at Nyenrode Business Universiteit and Vice Dean at Erasmus School of Economics. His main research interests are European monetary and financial integration and exchange rate behavior. Read more about Ivo Arnold by visting his blog.

​Structured finance outlet
Dennis Vink is Professor of Finance and Investment, and Director of the Center for Finance at Nyenrode Business Universiteit. His research interests focus on structured finance and investment in the European market Read more about the professional structured finance outlet of Dennis Vink.

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