credit risk transfer. The possibility of transferring credit reduces the impact of liquidity shocks on bank balance sheets … capital recycling and by reducing bank monitoring, secondary credit markets in general equilibrium allow banks to take on more … risk. -- Credit Risk Transfer ; Dual Moral Hazard ; Monetary Policy ; Liquidity ; Welfare …

examination of credit files of five leading German banks, thus relying on information actually used in the process of bank credit …

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 …

This study examines the relation of bank loan terms like interest rates, collateral, and lines of credit to borrower … risk defined by the banks’ internal credit rating. The analysis is not restricted to a static view. It also incorporates … weighted average of credit rating before and after a rating transition serves to compensate for low earlier profits caused by …

We investigate whether government credit guarantee schemes, extensively used at the onset of the Covid-19 pandemic, led … to substitution of non-guaranteed with guaranteed credit rather than fully adding to the supply of lending. We study this … issue using a unique euro-area credit register data, matched with supervisory bank data, and establish two main findings …