The compatibility between securitisation and financial market stability: a cointegration analysis of the US mortgage market

The compatibility between securitisation and financial market stability: a cointegration analysis of the US mortgage market is a practical, comprehensive and in-depth study over the effect of securitisation on the financial market stability. Indeed, the book gives a clear and relevant explanation of the global financial crisis started in 2007. The analysis based on econometric procedures provides robust and readily understandable principles. Through its reading, the book covers the main aspect of defaults on securitisation implementation according to Minsky’s Financial Instability theory. The conclusion gives indications of the different regulations needed to be undertaken to minimise speculative system.