... higher-yield assets) and rapid financial innovation, resulting in the increasing use of securitization via more-and-more complex and ... The creation of loans for immediate securitization and sale reduced the incentives for originators to maintain high credit standards. ... See, for instance, aquot;Turbulence in credit markets a causes, effects, and lessons to be learnedaquot;, remarks by David Dodge, Governor of theanbsp;...
|Title||:||World Economic Situation and Prospects 2008|
|Publisher||:||Academic Foundation - 2008-01-01|