109–43; and Gazi I. Kara and S. Mehmet Ozsoy (2016), “Bank Regulation under Fire Sale Externalities (PDF),” Finance and Economics Discussion Series 2016–026 (Washington: Board of Governors of the Federal Reserve System, April).
WSJ: Analysts say the ABS market can’t get the start it needs in Europe unless the ECB buys them. I don’t think so. It all depends on the costs: the capital costs connected to simple, plain vanilla ABS.