16. Securitization plays a critical role in financial markets in terms of the functions that have historically

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16. Securitization plays a critical role in financial markets in terms of the functions that have historically been provided by financial intermediation. Explain how securitization:

a. provides maturity intermediation.

b. reduces risk through diversification.

c. reduces the costs of transacting and information processing.

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Foundations Of Global Financial Markets And Institutions

ISBN: 9780262039543

5th Edition

Authors: Frank J. Fabozzi, Frank J. Jones, Francesco A. Fabozzi, Steven V. Mann

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