Casu, Barbara; Clare, Andrew; Sarkisyan, Anna; Thomas, … - In: The European Journal of Finance 17 (2011) 9-10, pp. 769-788
This study investigates the impact of securitization on the credit risk-taking behavior of banks. Using US Bank Holding Company data from 2001 to 2007, we find that banks with a greater balance of outstanding securitized assets choose asset portfolios of lower credit risks. Examining...