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   Can Securitization Enhance Financial Stability? (Case of the I.R. of Iran)  
   
نویسنده Valipour Pasha Mohammad ,Khansari Rasool ,Ahmadian Azam
منبع Journal Of Money And Economy - 2021 - دوره : 16 - شماره : 3 - صفحه:323 -347
چکیده    As a mechanism to enhance financial system stability and a process that allows banks to change their role from traditional lenders to originators and distributors of loans, securitization reduces the dependence on customer deposits. also, it expands lending capacity, manages banks credit risk, and transforms illiquid assets into saleable securities. in this research, gmm method in three formats is used for the 16 selected iranian banks. results show that real sector growth positively and significantly increase financial stability in the iranian economy. this is because of the economic scale augmentation and its impact on creating new financial resources. meanwhile, the non-performing loans ratio significantly diminishes banking stability as well as it lowers banks' capacity to generate revenues from intermediary activities. moreover, return is affected by the inflationary conditions which heightens revenue making and equity factors in banks' balance sheets. in order to generate higher revenues and gain upper profits, banking resources are occasionally withdrawn to enter other financial markets. loans to deposits ratio, representing the credit risk in banking systems, denotes that higher risk in credit areas exacerbates financial stability due to the higher probability of risk appetite in generating loans to the general public. also, security size highlights that although it is expected that securitization augments the financial stability in the banking system, other indicators would also be influential on financial stability. in other words, the higher the security size, the bigger its impact on banking stability. furthermore, lending capacity augments as a result of risk management and transforming illiquid assets into saleable securities.
کلیدواژه Securitization ,Financial Stability ,Banking Network
آدرس Monetary And Banking Research Institute, Central Bank Of The Islamic Republic Of Iran, Iran, Monetary And Banking Research Institute, Central Bank Of The Islamic Republic Of Iran, Iran, Monetary And Banking Research Institute, Central Bank Of The Islamic Republic Of Iran, Iran
پست الکترونیکی azam_ahmadyan@yahoo.com
 
 

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