—firms’ increased access to bank credit and banks’ strengthened monitoring of firms. Our study sheds light on how the … auditors. In cross-sectional analyses, we further find that the negative effect of banking deregulation on firms’ auditor … states with less-sophisticated local banks before deregulation and more-sophisticated entering banks after deregulation. Such …

This note considers the role debt-equity conversions and NPL securitization can play in addressing excessive corporate … debt in China, and the corresponding burden on banks of impaired assets. It finds that such techniques can play a role, but …

Traditionally banks have used securitization for expanding credit and thus their profitability. It has been well …-rated tranche. This paper builds a simple model of securitization that accounts for the above retention strategies. Banks in the … documented that, at least before the 2008 crisis, many banks were keeping a high proportion of the securities that they created …

This paper derives a bank capital allocation model and applies it in the determinants of securitization. According to … Bank for International Settlements (BIS), banks are required to prepare regulatory capital for investment and loans, based … securitization to maximize utility. To derive a bank capital allocation model, HJB equation in control theory and a specific utility …

Area using the answers from the confidential Bank Lending Survey, where national central banks request quarterly …-term interest rates on bank risk-taking, even when we instrument securitization. Moreover, short-term rates – directly and in … conjunction with securitization activity and supervision standards – have a stronger impact on bank risk-taking than long …