This book investigates the legal and economic framework of asset-backed securitization within the European context. It aims to provide a comprehensive analysis of the mechanisms, risks, and regulatory considerations involved in transforming financial assets into tradable securities across Europe. The work is authored by Theodor Baums, an expert in financial law, and likely draws upon legal scholarship and financial market data to present its arguments.

This book is likely regarded as a specialized academic text for legal and financial professionals interested in European securitization markets. Its focus on the legal and economic intricacies suggests a dense, analytical approach suitable for those with a foundational understanding of finance and law. The publication date indicates it may represent an earlier perspective on securitization practices in Europe.