{"id":"https://openalex.org/W2129578937","doi":"https://doi.org/10.1017/s0022109012000336","title":"Loss Allocation in Securitization Transactions","display_name":"Loss Allocation in Securitization Transactions","publication_year":2012,"publication_date":"2012-06-07","ids":{"openalex":"https://openalex.org/W2129578937","doi":"https://doi.org/10.1017/s0022109012000336","mag":"2129578937"},"language":"en","primary_location":{"id":"doi:10.1017/s0022109012000336","doi":"https://doi.org/10.1017/s0022109012000336","is_oa":true,"landing_page_url":"https://doi.org/10.1017/s0022109012000336","pdf_url":"https://www.cambridge.org/core/services/aop-cambridge-core/content/view/DAEFC4786C982BF2EFC20972EBA59279/S0022109012000336a.pdf/div-class-title-loss-allocation-in-securitization-transactions-div.pdf","source":{"id":"https://openalex.org/S193228710","display_name":"Journal of Financial and Quantitative Analysis","issn_l":"0022-1090","issn":["0022-1090","1756-6916"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1","ft50","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310311721","host_organization_name":"Cambridge University Press","host_organization_lineage":["https://openalex.org/P4310311721","https://openalex.org/P4310311702"],"host_organization_lineage_names":["Cambridge University Press","University of Cambridge"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Financial and Quantitative Analysis","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"bronze","oa_url":"https://www.cambridge.org/core/services/aop-cambridge-core/content/view/DAEFC4786C982BF2EFC20972EBA59279/S0022109012000336a.pdf/div-class-title-loss-allocation-in-securitization-transactions-div.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5030172165","display_name":"G\u00fcnter Franke","orcid":"https://orcid.org/0000-0003-4620-3148","observed_orcids":["https://orcid.org/0000-0003-4620-3148"]},"institutions":[{"id":"https://openalex.org/I189712700","display_name":"University of Konstanz","ror":"https://ror.org/0546hnb39","country_code":"DE","type":"education","lineage":["https://openalex.org/I189712700"]}],"countries":["DE"],"is_corresponding":false,"raw_author_name":"G\u00fcnter Franke","raw_affiliation_strings":["","University of Konstanz"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"","institution_ids":[]},{"raw_affiliation_string":"University of Konstanz","institution_ids":["https://openalex.org/I189712700"]}]},{"author_position":"middle","author":{"id":null,"display_name":"Markus Herrmann","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I189712700","display_name":"University of Konstanz","ror":"https://ror.org/0546hnb39","country_code":"DE","type":"education","lineage":["https://openalex.org/I189712700"]},{"id":"https://openalex.org/I202702066","display_name":"Landesbank Baden-W\u00fcrttemberg","ror":"https://ror.org/0208vms90","country_code":"DE","type":"other","lineage":["https://openalex.org/I202702066"]},{"id":"https://openalex.org/I4210163805","display_name":"Axpo (Switzerland)","ror":"https://ror.org/05frtgg14","country_code":"CH","type":"company","lineage":["https://openalex.org/I4210163805"]}],"countries":["CH","DE"],"is_corresponding":false,"raw_author_name":"Markus Herrmann","raw_affiliation_strings":["",", Axpo Holding AG, Parkstrasse 23, 5401 Baden, Switzerland",", Landesbank Baden-W\u00fcrttemberg, Am Hauptbahnhof 2, D-70173 Stuttgart, Germany;",", University of Konstanz, Department of Economics, POB 147, D-78457 Konstanz, Germany;","Herrmann,"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"","institution_ids":[]},{"raw_affiliation_string":", Axpo Holding AG, Parkstrasse 23, 5401 Baden, Switzerland","institution_ids":["https://openalex.org/I4210163805"]},{"raw_affiliation_string":", Landesbank Baden-W\u00fcrttemberg, Am Hauptbahnhof 2, D-70173 Stuttgart, Germany;","institution_ids":["https://openalex.org/I202702066"]},{"raw_affiliation_string":", University of Konstanz, Department of Economics, POB 147, D-78457 Konstanz, Germany;","institution_ids":["https://openalex.org/I189712700"]},{"raw_affiliation_string":"Herrmann,","institution_ids":[]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5012680043","display_name":"Thomas A. Weber","orcid":"https://orcid.org/0000-0003-2857-4754","observed_orcids":["https://orcid.org/0000-0003-2857-4754"]},"institutions":[{"id":"https://openalex.org/I189712700","display_name":"University of Konstanz","ror":"https://ror.org/0546hnb39","country_code":"DE","type":"education","lineage":["https://openalex.org/I189712700"]},{"id":"https://openalex.org/I202702066","display_name":"Landesbank Baden-W\u00fcrttemberg","ror":"https://ror.org/0208vms90","country_code":"DE","type":"other","lineage":["https://openalex.org/I202702066"]},{"id":"https://openalex.org/I4210163805","display_name":"Axpo (Switzerland)","ror":"https://ror.org/05frtgg14","country_code":"CH","type":"company","lineage":["https://openalex.org/I4210163805"]}],"countries":["CH","DE"],"is_corresponding":false,"raw_author_name":"Thomas Weber","raw_affiliation_strings":["",", Axpo Holding AG, Parkstrasse 23, 5401 Baden, Switzerland",", Landesbank Baden-W\u00fcrttemberg, Am Hauptbahnhof 2, D-70173 Stuttgart, Germany;",", University of Konstanz, Department of Economics, POB 147, D-78457 Konstanz, Germany;","Herrmann,"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"","institution_ids":[]},{"raw_affiliation_string":", Axpo Holding AG, Parkstrasse 23, 5401 Baden, Switzerland","institution_ids":["https://openalex.org/I4210163805"]},{"raw_affiliation_string":", Landesbank Baden-W\u00fcrttemberg, Am Hauptbahnhof 2, D-70173 Stuttgart, Germany;","institution_ids":["https://openalex.org/I202702066"]},{"raw_affiliation_string":", University of Konstanz, Department of Economics, POB 147, D-78457 Konstanz, Germany;","institution_ids":["https://openalex.org/I189712700"]},{"raw_affiliation_string":"Herrmann,","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":3550,"currency":"USD","value_usd":3550},"apc_paid":null,"fwci":2.6588,"has_fulltext":true,"cited_by_count":21,"citation_normalized_percentile":{"value":0.91818818,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":97},"biblio":{"volume":"47","issue":"5","first_page":"1125","last_page":"1153"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11496","display_name":"Credit Risk and Financial Regulations","score":0.9965999722480774,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11496","display_name":"Credit Risk and Financial Regulations","score":0.9965999722480774,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14154","display_name":"finance, banking, and market dynamics","score":0.0024999999441206455,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/loss-allocation","display_name":"loss allocation","score":0.9589999914169312},{"id":"https://openalex.org/keywords/securitization","display_name":"securitization","score":0.8980000019073486},{"id":"https://openalex.org/keywords/collateralized-debt-obligations","display_name":"collateralized debt obligations","score":0.972000002861023},{"id":"https://openalex.org/keywords/tobin-s-q","display_name":"Tobin's Q","score":0.9679999947547913},{"id":"https://openalex.org/keywords/corporate-lending","display_name":"corporate lending","score":0.6869999766349792},{"id":"https://openalex.org/keywords/corporate-bonds","display_name":"corporate bonds","score":0.9769999980926514},{"id":"https://openalex.org/keywords/default-risk","display_name":"default risk","score":0.460999995470047}],"concepts":[{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6352648735046387},{"id":"https://openalex.org/C75949130","wikidata":"https://www.wikidata.org/wiki/Q848010","display_name":"Database transaction","level":2,"score":0.615200936794281},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.5613202452659607},{"id":"https://openalex.org/C76178495","wikidata":"https://www.wikidata.org/wiki/Q4808784","display_name":"Asset (computer security)","level":2,"score":0.5597147345542908},{"id":"https://openalex.org/C86537402","wikidata":"https://www.wikidata.org/wiki/Q1108930","display_name":"Collateralized debt obligation","level":3,"score":0.557431697845459},{"id":"https://openalex.org/C2780619108","wikidata":"https://www.wikidata.org/wiki/Q852175","display_name":"Securitization","level":2,"score":0.5564195513725281},{"id":"https://openalex.org/C198082294","wikidata":"https://www.wikidata.org/wiki/Q3399648","display_name":"Position (finance)","level":2,"score":0.5413525104522705},{"id":"https://openalex.org/C139819358","wikidata":"https://www.wikidata.org/wiki/Q462748","display_name":"Asset allocation","level":3,"score":0.4693751335144043},{"id":"https://openalex.org/C2779530757","wikidata":"https://www.wikidata.org/wiki/Q1207505","display_name":"Quality (philosophy)","level":2,"score":0.4288971722126007},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3727138936519623},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.37126773595809937},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.33685940504074097},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.305117130279541},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.11191785335540771},{"id":"https://openalex.org/C2777910564","wikidata":"https://www.wikidata.org/wiki/Q694563","display_name":"Collateral","level":2,"score":0.09573432803153992},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.08080711960792542},{"id":"https://openalex.org/C77088390","wikidata":"https://www.wikidata.org/wiki/Q8513","display_name":"Database","level":1,"score":0.07987362146377563},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.0}],"mesh":[],"locations_count":7,"locations":[{"id":"doi:10.1017/s0022109012000336","doi":"https://doi.org/10.1017/s0022109012000336","is_oa":true,"landing_page_url":"https://doi.org/10.1017/s0022109012000336","pdf_url":"https://www.cambridge.org/core/services/aop-cambridge-core/content/view/DAEFC4786C982BF2EFC20972EBA59279/S0022109012000336a.pdf/div-class-title-loss-allocation-in-securitization-transactions-div.pdf","source":{"id":"https://openalex.org/S193228710","display_name":"Journal of Financial and Quantitative Analysis","issn_l":"0022-1090","issn":["0022-1090","1756-6916"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1","ft50","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310311721","host_organization_name":"Cambridge University Press","host_organization_lineage":["https://openalex.org/P4310311721","https://openalex.org/P4310311702"],"host_organization_lineage_names":["Cambridge University Press","University of Cambridge"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Financial and Quantitative Analysis","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:knz:dpteco:1122","doi":null,"is_oa":false,"landing_page_url":"http://www.uni-konstanz.de/FuF/wiwi/workingpaperseries/WP_22-11-Franke-Herrmann-Weber.pdf","pdf_url":"http://www.uni-konstanz.de/FuF/wiwi/workingpaperseries/WP_22-11-Franke-Herrmann-Weber.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:doc.rero.ch:296249","doi":null,"is_oa":false,"landing_page_url":"http://doc.rero.ch/record/296249/files/S0022109012000336.pdf","pdf_url":"http://doc.rero.ch/record/296249/files/S0022109012000336.pdf","source":{"id":"https://openalex.org/S4306400148","display_name":"reroDoc Digital Library","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I67311998","host_organization_name":"European Organization for Nuclear Research","host_organization_lineage":["https://openalex.org/I67311998"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":null},{"id":"pmh:oai:kops.uni-konstanz.de:123456789/19637","doi":null,"is_oa":true,"landing_page_url":"http://nbn-resolving.de/urn:nbn:de:bsz:352-196370","pdf_url":"https://kops.uni-konstanz.de/server/api/core/bitstreams/fbe72baf-a681-4ebf-ae0f-3c2378cde8c8/content","source":{"id":"https://openalex.org/S4306401487","display_name":"KOPS (University of Konstanz)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I189712700","host_organization_name":"University of Konstanz","host_organization_lineage":["https://openalex.org/I189712700"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Journal of Financial and Quantitative Analysis. 2012, 47(05), S. 1125-1153. ISSN 0022-1090. eISSN 1756-6916. Verf\u00fcgbar unter: doi: 10.1017/S0022109012000336","raw_type":"doc-type:article"},{"id":"pmh:oai:kops.uni-konstanz.de:123456789/29928","doi":null,"is_oa":true,"landing_page_url":"http://nbn-resolving.de/urn:nbn:de:bsz:352-0-270944","pdf_url":"https://kops.uni-konstanz.de/server/api/core/bitstreams/b140239d-5176-4090-845b-ee1459b73c09/content","source":{"id":"https://openalex.org/S4306401487","display_name":"KOPS (University of Konstanz)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I189712700","host_organization_name":"University of Konstanz","host_organization_lineage":["https://openalex.org/I189712700"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"doc-type:workingPaper"},{"id":"mag:3121870392","doi":null,"is_oa":false,"landing_page_url":"https://EconPapers.repec.org/RePEc:knz:dpteco:1122","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"pmh:oai:RePEc:cup:jfinqa:v:47:y:2012:i:05:p:1125-1153_00","doi":null,"is_oa":false,"landing_page_url":"https://www.cambridge.org/core/product/identifier/S0022109012000336/type/journal_article","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"doi:10.1017/s0022109012000336","doi":"https://doi.org/10.1017/s0022109012000336","is_oa":true,"landing_page_url":"https://doi.org/10.1017/s0022109012000336","pdf_url":"https://www.cambridge.org/core/services/aop-cambridge-core/content/view/DAEFC4786C982BF2EFC20972EBA59279/S0022109012000336a.pdf/div-class-title-loss-allocation-in-securitization-transactions-div.pdf","source":{"id":"https://openalex.org/S193228710","display_name":"Journal of Financial and Quantitative Analysis","issn_l":"0022-1090","issn":["0022-1090","1756-6916"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1","ft50","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310311721","host_organization_name":"Cambridge University Press","host_organization_lineage":["https://openalex.org/P4310311721","https://openalex.org/P4310311702"],"host_organization_lineage_names":["Cambridge University Press","University of Cambridge"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Financial and Quantitative Analysis","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2129578937.pdf","grobid_xml":"https://content.openalex.org/works/W2129578937.grobid-xml"},"referenced_works_count":44,"referenced_works":["https://openalex.org/W138112401","https://openalex.org/W166586180","https://openalex.org/W350910197","https://openalex.org/W1527713525","https://openalex.org/W1562172547","https://openalex.org/W1974169858","https://openalex.org/W1983592269","https://openalex.org/W1996415806","https://openalex.org/W2006948845","https://openalex.org/W2007497062","https://openalex.org/W2025611071","https://openalex.org/W2040382352","https://openalex.org/W2044270189","https://openalex.org/W2047944250","https://openalex.org/W2059848767","https://openalex.org/W2077791698","https://openalex.org/W2117178635","https://openalex.org/W2123109271","https://openalex.org/W2127094687","https://openalex.org/W2129525667","https://openalex.org/W2129881428","https://openalex.org/W2133800243","https://openalex.org/W2140281938","https://openalex.org/W2145817411","https://openalex.org/W2147560556","https://openalex.org/W2148736622","https://openalex.org/W2163504005","https://openalex.org/W2165053060","https://openalex.org/W2168510558","https://openalex.org/W3023906401","https://openalex.org/W3121621470","https://openalex.org/W3121703571","https://openalex.org/W3121791751","https://openalex.org/W3122042469","https://openalex.org/W3122060318","https://openalex.org/W3122327767","https://openalex.org/W3122496033","https://openalex.org/W3123594767","https://openalex.org/W3124488620","https://openalex.org/W3124815704","https://openalex.org/W3124832563","https://openalex.org/W3125612270","https://openalex.org/W3126081515","https://openalex.org/W4235164060"],"related_works":["https://openalex.org/W2165379248","https://openalex.org/W7098103061","https://openalex.org/W1258748877","https://openalex.org/W7095987557","https://openalex.org/W7135330345","https://openalex.org/W1567092407","https://openalex.org/W1558414061","https://openalex.org/W1482509167","https://openalex.org/W2743810952","https://openalex.org/W2139412795"],"abstract_inverted_index":{"Abstract":[0],"This":[1],"paper":[2],"analyzes":[3],"the":[4,23,32,41,68],"loss":[5,12,33,48,58,70],"allocation":[6],"to":[7,43],"first,":[8],"second,":[9],"and":[10,97],"third":[11,57],"positions":[13],"in":[14,51,81,87],"European":[15],"collateralized":[16],"debt":[17],"obligation":[18],"transactions.":[19,103],"The":[20,60],"quality":[21,39,78],"of":[22,62,75,83,89],"underlying":[24],"asset":[25,37,76],"pool":[26,38,77],"plays":[27],"a":[28,45,52,55,94],"predominant":[29],"role":[30],"for":[31],"allocation.":[34],"A":[35],"lower":[36,80],"induces":[40],"originator":[42],"take":[44],"higher":[46],"first":[47,69],"position,":[49,71],"but,":[50],"synthetic":[53,102],"transaction,":[54],"smaller":[56],"position.":[59],"share":[61],"expected":[63],"default":[64],"losses,":[65],"borne":[66],"by":[67],"is":[72],"largely":[73],"independent":[74],"but":[79],"securitizations":[82],"corporate":[84,90],"loans":[85],"than":[86],"those":[88],"bonds.":[91],"Originators":[92],"with":[93],"good":[95],"rating":[96],"low":[98],"Tobin\u2019s":[99],"Q":[100],"prefer":[101]},"counts_by_year":[{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":4},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2016,"cited_by_count":2},{"year":2014,"cited_by_count":1},{"year":2013,"cited_by_count":3},{"year":2012,"cited_by_count":1}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}