MORTGAGE CREDITING SECURITIZATION MARKET
https://doi.org/10.21686/2413-2829-2016-2-122-129
Abstract
The article presents a model of the secondary market of mortgage crediting, whose basic aim is raising cheaper 'long' money to mortgage market. The authors describe key components of the model, identify their key characteristics, goals of functioning and analyze flows of interaction between model components. The article shows the origin of securitization and explains its role on the global finance market. The authors provide a review of key market indicators of Russian securitization market for some years. While analyzing the market principle trends of its development in Russia were shown and weak points of the market were highlighted. The article analyzes key problems hindering the active development of securitization model on Russian market, puts forward some ways of their resolving and provides recommendations aimed at attracting a bigger number of investors to mortgage reinvestment.
About the Authors
Vasilij M. Kartvelishvili
Plekhanov Russian University of Economics
Russian Federation
Russian Federation
Doctor of Physico-Mathematical Sciences, Professor of the Department for Mathematical Methods in Economics of the PRUE
36 Stremyanny Lane, Moscow, 117997, Russian Federation
Anna V. Nikolaeva
Plekhanov Russian University of Economics
Russian Federation
Russian Federation
Post-Graduate Student of the Department for Mathematical Methods in Economics of the PRUE
36 Stremyanny Lane, Moscow, 117997, Russian Federation
References
1. Alekseeva P. A., Rachkevich A. Yu. Sek'yuritizatciya: kharakternye priznaky i opredelenie [Securitization: Specific Features and Definition]. Den'gi i kredit [Money and Credit], 2008, No. 8, pp. 22–31. (In Russ.).
2. Jobst A. Vozvrashchenie k osnovam. Chto takoe sek'yuritizatciya? [Return to Foundations. What is Securitization?]. Finansy & razvitie [Finance and Development], 2008, September, pp. 48–49. (In Russ.).
3. Kartvelishvili V. M., Nikolaeva A. V. Ipotechnoe kreditovanie v Rossii: na poroge peremen [Mortgage Crediting in Russia: on the Threshold of Changes]. Nauka i praktika, 2015, No. 1 (17), pp. 15–23. (In Russ.).
4. Nikolaeva A. V. Sistemno-dinamicheskaya model' rynka ipotechnogo kreditovaniya v Rossii [System and Dynamic Model of Mortgage Crediting Market in Russia]. Vestnik of the Plekhanov Russian University of Economics, 2016, No. 1 (85), pp. 112–121. (In Russ.).
5. Haier L. Tcennye bumagi, obespechennie ypotekoi i aktivami [Securities with Mortgage and Asset Collateral]. Moscow, Al'pyna Byznes Buks, 2007. (In Russ.).
Review
For citations:
Kartvelishvili V.M., Nikolaeva A.V. MORTGAGE CREDITING SECURITIZATION MARKET. Vestnik of the Plekhanov Russian University of Economics. 2016;(2):122-129. (In Russ.) https://doi.org/10.21686/2413-2829-2016-2-122-129
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