Banks increasingly recognize the need to measure and manage the credit risk of their loans on a portfolio basis. We … for banks to systematically identify regional and industrial credit concentrations and reduce the detected concentrations … through diversification. In recent years, the development of markets for credit securitization and credit derivatives has …

The recent growth of credit derivatives has been explosive. The global credit derivatives market grew in notional value … increased liquidity in credit indices and index tranches, as well as the proliferation of exotic instruments such as forward … to replace it, however, are divided. Both the top-down and bottom-up approaches for describing the dynamics of credit …

While credit risk transfer market dramatically increases the complexity of lender's incentive structure and above all … motivate the bank to effectively monitor in the presence of the credit risk transfer market alleviating borrower's shirking … buyer) could implicitly collude has important bankruptcy related implications. We show that when the credit derivatives …

effects on financial market function and credit provision. While the hedge fund-prime broker credit network is highly … concentrated, the average hedge fund in our sample borrows from three prime brokers and has a total credit exposure of $2 … major creditor. Such a shock results in significantly reduced borrowing due to the prime broker reducing credit supply …

effects on financial market function and credit provision. While the hedge fund-prime broker credit network is highly … concentrated, the average hedge fund in our sample borrows from three prime brokers and has a total credit exposure of $2 … major creditor. Such a shock results in significantly reduced borrowing due to the prime broker reducing credit supply …

Can banks trade credit default swaps (CDSs) referenced on their current corporate clients at competitive prices, or are …