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records can achieve higher welfare and lead to a lower default rate than records that show all, or nothing, of the past …
Persistent link: https://www.econbiz.de/10013082525
securitization market by looking at the correlation between the securitization (risk-transfer) and the default (accident) probability …
Persistent link: https://www.econbiz.de/10012960922
We exploit highly disaggregated bank-firm data to investigate the dynamics of foreign vs. domestic credit supply in Italy around the period of the Lehman collapse, which brought a sudden and unexpected deterioration of economic conditions and a sharp increase in credit risk. Taking advantage of...
Persistent link: https://www.econbiz.de/10013079090
We show that negative interest rate policy (NIRP) has expansionary effects on bank credit supply and firm outcomes through a portfolio rebalancing channel. For identification, we exploit ECB's NIRP and credit register, firm- and bank-level datasets. NIRP affects relatively more banks with higher...
Persistent link: https://www.econbiz.de/10012832742
We present the first empirical study of information spillover and signalling on loan search and its outcomes in a setting where a bank observes whether a loan applicant has already been rejected by other lenders. We do so by taking advantage of the fact that Italy's Central Credit Register...
Persistent link: https://www.econbiz.de/10013027985