Characteristic Features and Types of Use of Mortgage-Backed Bonds in European States
Journal Title: Проблеми економіки - Year 2015, Vol 2015, Issue 1
Abstract
The article deals with mortgage instruments used in European economies. Scientific research focusing on the European mortgage market was analyzed. The article also considers the substance and distinctive features of mortgage-backed bonds - a mortgage-backed security type characteristic of the European market. The article discusses characteristic features of covered bonds, analyzes the basic emission models for such securities, their strengths and weaknesses. The work describes approaches to construction of models of mortgage-backed security emission and singles out a series of essential risks linked to operations of issuers of mortgage-backed securities.
Authors and Affiliations
Valeriia Prokopenko, Ihor Sviatokum
Keywords
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- EP ID EP137671
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