Introduction to the Economics of Securitazation.- Overview of Securitization and Securitized Products.- Overview of Loan Portfolio Analysis.- Incentives and the Economics of Securitization.- Problems with Securitization.- Structuring Securitized Bonds.- The Economics of Securitization Structuring.- Problems in Securitization Structuring.- Conclusion of Securitization Economics.
Laurent Gauthier works as a consultant advising institutional investors on securitized products research and modeling, teaches as an adjunct at Toulouse Business School (France), and has been a Visiting Professor in economics at the University of Konstanz (Germany). He has spent close to 25 years focusing on securitization, and ran securitized products research and trading strategy at Morgan Stanley and at other investment banks. He graduated from Edhec Business School (France) with a major in corporate finance, and holds a PhD in mathematics from Sorbonne University (France). He has published several articles and book chapters in mathematical finance and on the analysis of securitized products.