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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.

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.


Suggested citation: Ergungor, O. Emre, 2003. "Securitization," Federal Reserve Bank of Cleveland, Economic Commentary, 08.15.2003.

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