Deposit Competition and Mortgage Securitization
(2024)
Journal Article
Mcgowan, D., Nguyen, H., & Schaeck, K. (online). Deposit Competition and Mortgage Securitization. Journal of Money, Credit and Banking, https://doi.org/10.1111/jmcb.13207
We study how deposit competition affects a bank's decision to securitize mortgages. Exploiting the state-specific removal of deposit market caps across the US as a source of competition, we find a 7.1 percentage point increase in the probability that... Read More about Deposit Competition and Mortgage Securitization.