Summary |
In Asset Securities: Theory and Practice, Joseph Hu brings his unexcelled credentials to a critically needed description, explanation, and analysis of the huge and complex process of asset securitization. All too frequently securitization is seen from the perspective of one of its critical parts or processes, but rarely is there a full view of securitization as the complex industry that it, in fact, is. In spite of the enormity of the securitization industry, there are few experts having the knowledge and capability to see all the parts and process individually and in sequential combination, that bring the only approach that allows full understanding of the “how’s and whys” of securitization. No other approach is valid for public sector and private sector managers and policy-makers, all of whom should take Dr. Hu’s new book as mandatory and standard-setting.
Joseph Hu’s new book Asset Securitization: Theory and Practice, is both and timeless. Dr Hu delves into the history of securitization to show the promise and pitfalls of securitization. He describes the essential underpinnings of securitization and the fundamental features of a successful securitization program. This fact and theory-filled book, from a pioneer of the market, should be essential reading for all those seeking to rebuild asset securitization on a firmer foundation.
Asset Securitization is a well-written, important, and timely book. It is a comprehensive and detailed account of the role asset securitization plays in contributing to economic growth as well as creating problems when prudential practices are ignored. Nobody interested in understanding the basics of this remarkable financial innovation can afford not to read book. Joseph Hu’s practical expertise of how this market works comes through loud and clear.
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