Loan securitization
Determinants of European banks' engagement in loan securitization
... capital, securitization activity seems to be strongly affected by firm-specific ...in loan securitization is found to increase in bank size and to decrease along with the bank’s ...risk. ...
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Determinants of banks' engagement in loan securitization
... use loan securitization to transfer risk to the market and improve their liquidity ...of loan securitization in order to indirectly tap the markets for investment bank activities (and the ...
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Corporate loan securitization and the standardization of financial covenants
... for loan securitization using an indicator variable of whether a loan is purchased by a CLO in the primary or secondary loan market (Securitized ...analyses loan characteristics that ...
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Determinants of banks' engagement in loan securitization
... in loan securitization is found to increase in bank size, to decrease along with the bank’s liquidity and to increase along with the bank’s credit ...that securitization activity should therefore not ...
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Loan securitization, bank risk, and efficiency
... between securitization ratio and the bank failure ...bank loan securitization and the likelihood of bank ...bank loan securitization by commercial banks is positively associated with ...
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Adverse effect of loan securitization on the stock prices of banks: empirical evidence from europe and america
... ank loan securitization has become a burning issue after the 2007 financial meltdown because of the dramatic increase in securitization of loans and its impact in the financial ...defining ...
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Mortgage Loan Securitization and Relative Loan Performance
... At a conceptual level, the process of privately securitizing residential mortgages is relatively simple; lenders extend mortgage credit to borrowers, and then sell the loans so that they may be repackaged and sold on to ...
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Why do (or did?) banks securitize their loans? Evidence from Italy
... of securitization are is mostly an empirical ...of loan sales, an instrument only partially different from loan securitization (Giddy, 1985; Pavel, 1986; Pavel and Phillis, 1987; James, 1988; ...
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Securitization, bank behaviour and financial stability: A systematic review of the recent empirical literature
... how securitization influences bank behaviour and its implication on financial ...of securitization in order to obtain capital ...mortgage securitization led to a deterioration in bank lending ...
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Why do UK banks securitize?
... for loan securitization in Italy using data for Italian banks over the period 2000 to ...although securitization is a composite decision, capital requirements play a driving role, suggesting that ...
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Default Risk Sharing Between Banks and Markets: The Contribution of Collateralized Debt Obligations
... This paper contributes to the economics of financial institutions risk management by exploring how loan securitization a.ects their default risk, their systematic risk, and their stock prices. In a typical ...
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The future of securitization
... As argued above, agency theory tells us that the party affecting the level of default losses through its activities should bear a substantial portion of these losses. Hence the originating bank should retain a ...
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Securitization and financialization
... The financial bailouts by central banks, particularly the Fed, show the errors of securitization. It is the “innocent fraud” that Galbraith referred to in The Economics of Innocent Fraud. Financialization and ...
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Essays on Securitization.
... each loan in this market, lending credence to the rationale of retention requirements provided for by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 that requires issuers to retain 5% of ...
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Statistical Default Models and Incentives
... of securitization (1997– 2000), using hard information variables about ...A loan is considered to be in default if it is delinquent for more than 90 days at any time up to two years after ...low- ...
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Chains of securitization
... of securitization, the deployment of money as a ‘weapon of war’ (Gilbert, 2015a; 2015b), or the security role of financial institutions (Amicelle, 2011; Amicelle and Faravel-Garrigues, 2012; de Goede, 2012) have ...
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Securitization of Bank Assets as a Source of Financing the Innovation Activity
... of securitization of bank assets (SBA) as a process and as a source of financing of innovation ...of securitization among financial innovation instruments is defined for this purpose, the basic distinctive ...
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Securitization and Bank Stability
... I take once again the assumptions of Krahnen and Wilde (2006) as the benchmark case. Hence, I assume ρ = 0.3, DP = 20%, RR = 47.5% and r = 4%. The continuous line in Figure 5.1 shows the probability density function of ...
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The reflection on the alienation and regulation of asset securitization: the research based on the united states subprime mortgage crisis
... Underlying Asset................................................................ 18 Section 1 The Elements of the Underlying Asset.................................. 18 Section 2 The Underlying Asset in the United States ...
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Securitization, bank vigilance, leverage and sudden stops
... how securitization leads to lower lending ...of securitization that are important in the model presented here are the ability to communicate information about the borrower to investors and the ability to ...
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