Newsletter
Hedges in the warehouse: the banks get trimmed
Abstract: When banks ?warehouse? loans, that is, hold them temporarily before selling them through securitizations, how do they protect themselves against credit risk? This article examines the effectiveness of hedging strategies in the context of the recent heavy losses in financial markets.
Keywords: Securities; Hedging (Finance);
Access Documents
File(s): File format is application/pdf http://www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2008/cflapril2008_249.pdf
Authors
Bibliographic Information
Provider: Federal Reserve Bank of Chicago
Part of Series: Chicago Fed Letter
Publication Date: 2008
Issue: Apr
Order Number: 249