Securitization Without Risk Transfer

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Executive Summary

Philipp Schnabl received his Ph.D. from Harvard University and joined New York University Stern School of Business as an Assistant Professor of Finance in August 2008. Professor Schnabl's main research interests are corporate finance, financial intermediation, and banking. His most recent work examines the transmission of credit supply shocks from developed countries to emerging markets and the impact of credit supply shocks on access to finance, investment and economic growth.

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