Determinants of Asset Securitization in Russia

Student: Smetankina Sofya

Educational Programme: Financial Engineering (Master)

Final Grade: 8

Year of Graduation: 2019

This paper is a research of factors affecting asset securitization in Russia. To verify such determinants as the level of GDP, the volume of mortgage loans issued, the interest rate of loans, average salaries, net assets and return on equity of the originator bank, the econometric OLS regression model is used. The results indicate that it is the internal motifs of the originator that encourage securitization transactions. The results revealed that the size of the net assets and the return on equity of the originator bank are the most significant factors in the model used. However, the volume of securitization increases with the volume of loans issued, it is based on the assumption that originator banks will be able to increase liquidity in this way.

Full text (added May 27, 2019)

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses