UD Announces Partnership with IWP
Earlier this month, the University of Dallas announced a partnership with the Institute of World Politics (IWP). UD will be the ninth institution of higher learning to partner with IWP.
+ Read More
Menu
"Mortgage Loan Securitization and Personal Consumption Smoothening"
In the Author's Words
In this paper we examine the extent to which personal consumptions are sheltered from state-specific economic shocks because of banks’ mortgage loan securitizations. We posit that securitization contributes to personal consumption smoothening due to securitizations’ positive effect on banks’ credit supply, which reduces consumers’ consumption constraints during economic shocks. Using data for U. S. banks’ mortgage loan securitizations from 1989 to 2008, we show that personal consumption smoothening is positively related to securitization. The finding of a significant relationship between loan securitizations and consumption smoothening contributes to the continuing debate on the role of financial innovation in real economy.
Gu, J., Hernandez, R., Liu, P., & Shao, Y. (2015). Mortgage Loan Securitization and Personal Consumption Smoothening. Journal of Economics and Finance. “lead article” in issue.
Faculty Profile: Jenny Gu
Earlier this month, the University of Dallas announced a partnership with the Institute of World Politics (IWP). UD will be the ninth institution of higher learning to partner with IWP.
+ Read MoreGrowing up in a half-Irish Catholic family in Cincinnati, the seven Teller children knew a household full of music. Lucy, Brother Jonah and Brother Simon Teller have used the love of music instilled during childhood by their family to become musicians and produce music of their own.
+ Read MoreA few years back, the University of Dallas began to form a relationship with the Dallas Zoo, when Assistant Professor of Biology Deanna Soper, Ph.D., and her colleague, Professor of Psychology Scott Churchill, P.h.D., began taking class trips to the zoo. And in the spirit of further collaboration, the world's leading cheetah expert and conservationist, Laurie Marker, Ph.D., founder and executive director of the Cheetah Conservation Fund (CCF) sponsored by the Dallas Zoo, will join the UD community on Thursday, Oct. 25, to give a lecture about her work rescuing the world's fastest land mammal from extinction.
+ Read More