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This paper analyzes the nonfinancial corporation (NFC) sector's financial balance sheets using data available from the OECD. In our sample of 20 advanced economies, corporate debt in percent of GDP-a frequently used indicator in the context of corporate balance sheet adjustments-has remained...
Persistent link: https://www.econbiz.de/10011436784
. We then investigate whether this effect is influenced by two key bank characteristics: securitization and bank capital … competition at the industry level lead to higher realized systemic risk. The results suggest that the use of securitization …
Persistent link: https://www.econbiz.de/10012102090
This paper questions the view that leverage should have forewarned us of the global financial crisis of 2007-09, pointing to several gearing indicators that were neither useful portents of the onset of the crisis nor of its ferocity. Instead it shows, first, that the use of ill-suited collateral...
Persistent link: https://www.econbiz.de/10009618519
Between 1980 and before the recent crisis, the ratio of financial market debt to liquid assets rose exponentially in the U.S. (and in other financial markets), reflecting in part the greater use of securitized assets to collateralize borrowing. The subsequent crisis has reduced the pool of...
Persistent link: https://www.econbiz.de/10009614541
This paper examines the financial stability implications arising from securitization markets, with one eye on the past … industry developments in the years before the crisis. Emphasis is placed on the various ways in which securitization markets … securitization markets are then discussed, including a treatment of various regulatory initiatives, the operational infrastructure of …
Persistent link: https://www.econbiz.de/10012667410
securitization activity on loans' relative credit quality employing a uniquely detailed dataset from the euro-denominated syndicated … securitization, however, the credit quality of borrowers whose loans are securitized deteriorates by more than those in the control …
Persistent link: https://www.econbiz.de/10011715634
sheets to non-banks via increased securitization activity. As such, higher interest rates have the potential for unintended … sectors. In the past, this increased securitization activity was driven primarily byb private-label securitization. On the … cutting back on their securitization activity but expanding loans to the Federal Home Loan Bank system …
Persistent link: https://www.econbiz.de/10011705565
specific credit participation in identified business risk, structuring shariah-compliant securitization seems straightforward … implications of shariah compliance on the configuration of securitization transactions informs a discussion of the most salient … benefits and drawbacks of Islamic securitization …
Persistent link: https://www.econbiz.de/10014400339
After a number of warning signs, the U.S. ""subprime mortgage crisis"" became a headline issue in February 2007. Notwithstanding the bankruptcy of numerous mortgage companies, historically high delinquencies and foreclosures, and a significant tightening in subprime lending standards, the impact...
Persistent link: https://www.econbiz.de/10014400434
-negotiable titles (securitize). Several country experiences with securitization operations are documented …
Persistent link: https://www.econbiz.de/10014400768