. We present evidence consistent with banks' IT adoption spurring entrepreneurship through a collateral channel …' ability to determine collateral values, in particular when collateral appraisal is more complex. IT also reduces the time and …

unsecured lending and substantial increases in haircuts on posted collateral. This paper seeks to understand the implications of …

projects. In equilibrium, the collateralization-screening mix depends on the value of aggregate collateral. High collateral … important dynamic implications. During credit booms driven by high collateral values (e.g. real estate booms), the economy … accumulates physical capital but depletes information about investment projects. As a result, collateral-driven booms end in deep …

We show that the liquidation value of collateral depends on who is pledging it. We employ transaction-level data on … collateral that they pledge. The premium in corporate loan markets amounts to 25 basis points. Our results imply that liquidation … value contains a component at the borrower-collateral level, and that lenders monitor and price-in the interdependency …

repurchase agreements (“Repos”). By varying haircuts applied to securities that serve as collateral in repurchase agreements the …

for CDS sellers is found to be sudden increases in collateral requirements on multiple correlated CDS exposures. Close …

We use an extensive data set of bilateral exposures on credit default swap (CDS) to estimate the impact on collateral … demand of new margin and clearing practices and regulations. We decompose collateral demand for both customers and dealers … impact on collateral demand of more widespread initial margin requirements, increased novation of CDS to central clearing …