An in-depth look at Asset-Backed Securities (ABS), covering their historical context, types, key events, mathematical models, significance, and practical applications.
An Asset-Backed Security (ABS) is a type of financial security backed by a pool of assets such as loans or receivables, excluding real estate. These instruments provide liquidity to the asset holders by converting illiquid assets into tradeable financial instruments.
A Federal Reserve funding facility to support the issuance of Asset-Backed Securities (ABS) and promote lending to consumers and small businesses by providing non-recourse loans.
