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Securitization and Lending Standards : Evidence from the Wholesale Loan Market

Kara, A.; Marques-Ibanez, D.; Ongena, S. - Tilburg University, Center for Economic Research - 2011

Persistent link: https://www.econbiz.de/10011090501

Lending relationships and credit rationing : the impact of securitization

Degryse, Hans; Carbo Valverde, S.; Rodriguez-Fernandez, F. - Tilburg University, Center for Economic Research - 2011

Do lending relationships mitigate credit rationing? Does securitization influence the impact of lending relationships … securitization activities relaxes credit constraints in normal periods; however, it also increases credit rationing during crisis … periods. Finally, we study the impact of different types of securitization – covered bonds and mortgage-backed securities (MBS …

Persistent link: https://www.econbiz.de/10011092653

Shocks to Bank Lending, Risk-Taking, Securitization, and Their Role for U.S. Business Cycle Fluctuations

Wagner, Wolf; Peersman, G. - Tilburg University, Center for Economic Research - 2014

Abstract: Shocks to bank lending, risk-taking and securitization activities that are orthogonal to real economy and … the 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. …

Persistent link: https://www.econbiz.de/10011091756

Does Corporate Income Taxation Affect Securitization? Evidence from OECD Banks

Gong, D.; Ligthart, J.E. - Tilburg University, Center for Economic Research - 2013

more securitization at banks that are constrained in funding markets, while it did not affect securitization at … unconstrained banks. This is consistent with prior theory suggesting that the tax effects of securitization depend on the extent to …' securitization decisions and therefore proposals of new taxes on bank profi ts are inappropriate. …

Persistent link: https://www.econbiz.de/10011092428

Diversification at Financial Institutions and Systemic Crises

Wagner, Wolf - Tilburg University, Center for Economic Research - 2006

We show that the diversification of risks at financial institutions has unwelcome effects by increasing the likelihood of systems crises.As a result, complete diversification is not warranted adn the optimal degree of diversification is arbitrarily low.We also identify externalities that cause...

Persistent link: https://www.econbiz.de/10011092648

Monetary Policy Rules, Adverse Selection and Long-Run Financial Risk

Eijffinger, Sylvester; Blommestein, H.J.; Qian, Z. - Tilburg University, Center for Economic Research - 2011

This paper constructs a macro-finance model with two types of borrowers: entrepreneurs who engage in productive activities and gamblers who play in lotteries. It links a central bank's interest rate policy to expected cash ows of both types of borrowers. Via this link we study how the...

Persistent link: https://www.econbiz.de/10011090362

Panic behavior and the performance of circuit breakers : Empirical evidence

Lauterbach, B.; Ben-Zion, U. - Tilburg University, Center for Economic Research - 1993

Persistent link: https://www.econbiz.de/10011090379

Currency Crisis, Monetary Policy and Corporate Balance Sheet Vulnerabilities

Eijffinger, Sylvester; Goderis, Benedikt - Tilburg University, Center for Economic Research - 2005

This paper studies how the exposure of a country's corporate sector to interest rate and exchange rate changes affects the probability of a currency crisis.To analyze this question, we present a model that defines currency crisis as situations in which the costs of maintaining a fixed exchange...

Persistent link: https://www.econbiz.de/10011090665

An Analysis of Ratings of Russian Banks

van soest, arthur; Peresetsky, A.; Karminsky, A.M. - Tilburg University, Center for Economic Research - 2003

Since the recent financial crisis, both the Russian business community and foreign investors have started to make more and more use of ratings of the reliability of Russian banks, i.e., their ability to meet interest and repayment commitments to the investors.In response to this, the number of...

Persistent link: https://www.econbiz.de/10011091431

Accounting Discretion of Banks During a Financial Crisis

Huizinga, Harry P.; Laeven, L. - Tilburg University, Center for Economic Research - 2009

This paper presents evidence of banks using accounting discretion to overstate the value of distressed assets. In particular, we show that the stock market applies far greater discounts to a bank’s real estate loans and mortgage-backed securities than are implicit in the book values of these...

Persistent link: https://www.econbiz.de/10011091514