Projects per year
Abstract / Description of output
This paper extends the DeMarzo and Duffie (1999) signaling model from single sales to portfolio sales. It shows that the extended model can account for retention of low quality assets and help explain why retained assets may be of varying quality.
Original language | English |
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Pages (from-to) | 182-191 |
Number of pages | 10 |
Journal | Journal of Banking and Finance |
Volume | 99 |
Early online date | 19 Dec 2018 |
DOIs | |
Publication status | Published - Feb 2019 |
Keywords / Materials (for Non-textual outputs)
- securitization
- tranching
- signaling
- skin in the game
Fingerprint
Dive into the research topics of 'Portfolio sales and signaling'. Together they form a unique fingerprint.Projects
- 1 Finished
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MacCaLM: Labour and Credit Market Foundations of the Macroeconomy
Moore, J., Belot, M., Elsby, M., Guell, M., Kircher, P., Rodriguez Mora, S., Snell, A., Thomas, J., Visschers, L., Worrall, T. & Zymek, R.
1/06/15 → 31/05/22
Project: Research
Research output
- 1 Working paper
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Portfolio Sales and Signaling
Worrall, T. & Bougheas, S., Feb 2017, 36 p.Research output: Working paper