التوريق ووقعه على الأزمات المالية

Abstract

Financial engineering technique had produced what is known by securitization or bounding which is revolutionized the international financial markets in the seventies of the last century, this technique presented for banks, financial and economic institutions solution to the liquidity problem at the lowest cost; in addition to eliminating the cumulated debt, become a heavy burdens, but after a mortgage crisis in the United States in 2008 the technique of securitization has accused and become a curse after that was a blessing, because banks and financial institutions exceeded in its use