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Issuance Activity and Interconnectedness in the CMBS Market​

Aug. 11, 2016

Diana Knyazeva, Charles Lin, and Jasmine Park


The purpose of this paper is to provide background information on commercial mortgage backed securities (CMBS) by providing an analysis of issuance volumes, structure and participants. In addition, we analyze concentration and interconnectedness in the CMBS market before and after the global financial crisis.


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