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@article{189529,
        author = {kiran shrinivas temkar},
        title = {Securitization: A tool of Refinancing},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {12},
        number = {7},
        pages = {6956-6962},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=189529},
        abstract = {Securitization has emerged as one of the most significant financial innovations in modern financial markets. It plays a crucial role in transforming illiquid financial assets into marketable securities, thereby enhancing liquidity, risk distribution, and capital efficiency for financial institutions. This research paper aims to develop a comprehensive understanding of securitization as a refinancing tool. The study focuses on explaining the key terms and concepts involved in the securitization process, analysing how securitization functions as a refinancing mechanism, and examining the benefits and risks associated with securitization in detail. Through conceptual analysis and review of existing literature, the paper highlights how securitization supports financial stability when properly regulated, while also recognizing the systemic risks it can pose if mismanaged. The findings emphasize that securitization, when used prudently, is a powerful refinancing tool that strengthens financial intermediation and promotes economic growth.},
        keywords = {Securitization, Refinancing, Asset-backed securities, financial innovation, Risk management},
        month = {December},
        }