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Economic Commentary

Securitization

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Obscure just 20 years ago, the securitization of loan portfolios by private and government-sponsored enterprises is a $5 trillion business today. This Commentary explains why the use of asset-backed securities has grown so spectacularly.

08.15.2003EC 8/15/2003

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. This paper and its data are subject to revision; please visit clevelandfed.org for updates.

Suggested Citation

Ergungor, O. Emre. 2003. “Securitization.” Federal Reserve Bank of Cleveland, Economic Commentary 8/15/2003.

This work by Federal Reserve Bank of Cleveland is licensed under Creative Commons Attribution-NonCommercial 4.0 International