Using all loans granted to firms recorded in the Italian credit register, we estimate correlations between risk …-transfer and default probabilities to gauge the severity of informational asymmetries in the loan securitization market. First, the …

Using credit register data for loans to Italian firms we test for the presence of asymmetric information in the … securitization market by looking at the correlation between the securitization (risk-transfer) and the default (accident) probability … a strong relationship is a credible enough commitment to monitor after securitization. Importantly, the selection of …

This paper focuses on the recent changes in banking systems and how bank-specific characteristics have affected credit … supply in five Latin American countries (Brazil, Chile, Colombia, Mexico and Peru). We use detailed credit registry data and … funding, and a commercial business model generally supply more credit. Such banks are also more sheltered from monetary and …