Issuance Activity and Interconnectedness in the CMBS Market 1

Diana Knyazeva, Charles Lin, Jasmine Park
2016 unpublished
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.