Contents

1. The Future of Securitization: An Introduction

Yasuyuki Fuchita, Richard J. Herring, and Robert E. Litan

2. Financial Turmoil and Central Bank Responses in the United States, United Kingdom, European Union, and Japan

Robert A. Eisenbeis

3. Structuring for Leverage: CPDOs, SIVs, and ARSs

Joseph R. Mason

4. The Future of Securitization

Gunter Franke and Jan P. Krahnen

5. Legal and Economic Issues in Litigation Arising from the 2007-08 Credit Crisis

Jennifer E. Bethel, Allen Ferrell, and Gang Hu

6. Mortgage Payment Insurance and the Future of the Housing Finance System

Jack Guttentag and Igor Roitburg

7. The Development and Future of Securitization in Asia

Eiichi Sekine, Kei Kodachi, and Tetsuya Kamiyama