securitization
English edit
Alternative forms edit
Etymology edit
From securitize + -ation.
Pronunciation edit
Noun edit
securitization (countable and uncountable, plural securitizations)
- (commerce, finance) The fact or process of securitizing assets; the conversion of loans into securities, usually in order to sell them on to other investors.
- 2020, Katharina Pistor, “4: Minting Debt”, in The Code of Capital […] , Princeton University Press, →ISBN:
- Securitization became a fee-based business. […] The logic of private-label securitization was mass production, and new mortgages had to be fed into this machine constantly to sustain it.
- (politics) The act of convincing a relevant audience to treat a topic as a matter of security (regardless of whether it constitutes an actual threat), thus justifying the use of extraordinary measures.
- 2004, Kristof Tamas, Mapping Study on International Migration, Inst for Future Studies
- The negative side-effects of securitization of migration have, however, become exacerbated as many Muslims in the U.S. and elsewhere have experienced heightened scrutiny and disbelief while travelling and in everyday life.
- 2009, Amnon Aran, Israel's Foreign Policy Towards the PLO: The Impact of Globalization:
- The strength of the belief generated what Buzan terms a securitization effect , whereby irrespective of whether or not a material threat exists, something is constructed as a threat, with this understanding being accepted by a wide and/or specifically relevant audience.
- 2009, Judith Ann Warner, Battleground Immigration: M-Z, Greenwood, →ISBN:
- The emphasis on the securitization of immigration actually began before September 11 and has resulted in policy change towards criminalizing undocumented immigrants in both the United States and Europe.
- 2010, Thierry Balzacq, Understanding Securitisation Theory:
- Thus, securitization is the process where issues turn into matters of security through political intervention; these 'security matters' are then taken outside the boundaries of normal politics and the mainstream 'rules of the game' and are subsequently treated as special kinds of politics or beyond politics, therefore potentially justifying actions that fall out of the ordinary political procedures (Buzan et al. 1998: 23-24).
- 2011, Philippe Bourbeau, The Securitization of Migration: A Study of Movement and Order, Taylor & Francis, →ISBN, page 126:
- […] although the securitization of migration can be observed in both Canada and France, […]
- 2012, H. J. S. Fernando, Z.B. Klaić, J.L. McCulley, National Security and Human Health Implications of Climate Change, Springer Science & Business Media, →ISBN, page 46:
- Use of the TP/E metaphor plays a significant role in this context, since it may be interpreted as a deliberate 'act of securitization' [3] aiming at moving the climate change issue from the domain of ordinary politics to the domain of 'security politics', […]
- 2020, Anatol Lieven, Climate Change and the Nation State: The Case for Nationalism in a Warming World, Oxford University Press, USA, →ISBN, page 7:
- Nonetheless, in the case of climate change, securitization is appropriate and necessary: because this genuinely is an existential threat to all major states; […]
- 2004, Kristof Tamas, Mapping Study on International Migration, Inst for Future Studies
Translations edit
process of securitizing assets
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