The Economics of Structured Finance - Harvard Business …
https://www.hbs.edu/ris/download.aspx?name=The%20Economics%20of%20Structured%20Finance.pdf
WEBJoshua Coval, Jakub Jurek, and Erik Stafford. T he essence of structured finance activities is the pooling of economic assets like loans, bonds, and mortgages, and the subsequent issuance of a prioritized capital structure of claims, known as tranches, against these collateral pools. As a result of the prioritization scheme used in structuring ...
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