Banks have been heavily involved in securitization. We study whether the involvedness of a firm’s main bank into … and during the 2007-8 financial crisis. Both types of securitization allow the bank to generate liquidity. To the extent … that a relationship with a bank that is more involved in securitization activities relaxes credit constraints in normal …

Shocks to bank lending, risk-taking and securitization activities that are orthogonal to real economy and monetary … type of shock. Expansionary securitization shocks lead to a permanent rise in real GDP and a fall in inflation. Bank … using a model of bank risk-taking and securitization. …

their securitization decision. We also assess the case for requiring financial institutions to defer bonus pay so as to make … interaction of financial institutions' internal agency problems with the external agency problem that arises from securitization. …

Tripartite financial stability arrangement between the Treasury the Bank of England and the FSA, weaknesses in the Bank of …

Securitization of LDC debt would significantly aid the international debt problem by increasing liquidity and expanding … the range of investors. Securitization is problematic, however, in large part due to sovereign risks involved. At present …

generally leads to higher welfare if efficient risk-sharing (bank investment scale) is the dominant consideration, and is always …

when screening primarily improves the bank’s ability to identify profitable loans and when banks retain most of those …