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Der Handel von Kreditrisiken : eine neue Dimension des Kapitalmarktes

Krahnen, Jan Pieter - In: Perspektiven der Wirtschaftspolitik : eine Zeitschrift … 6 (2005) 4, pp. 499-519

Persistent link: https://www.econbiz.de/10003178803

Der Handel von Kreditrisiken : eine neue Dimension des Kapitalmarktes

Krahnen, Jan Pieter (contributor) - 2005

This paper makes an attempt to present the economics of credit securitisation in a nontechnical way, starting from the description and the analysis of a typical securitisation transaction. The paper sketches a theoretical explanation for why tranching, or nonproportional risk sharing, which is...

Persistent link: https://www.econbiz.de/10002843466

Der Handel von Kreditrisiken : eine neue Dimension des Kapitalmarktes

Krahnen, Jan Pieter (contributor) - 2005

Persistent link: https://www.econbiz.de/10003025623

"Predatory" margins and the regulation and supervision of central counterparty clearing houses (CCPs)

Krahnen, Jan Pieter; Pelizzon, Loriana - 2016

This note discusses the basic economics of central clearing for derivatives and the need for a proper regulation …, supervision and resolution of central counterparty clearing houses (CCPs). New regulation in the U.S. and in Europe renders the … contagion risk in the financial industry and the creation of a significant systemic risk. However, so far, regulation and …

Persistent link: https://www.econbiz.de/10011532033

Collateral, relationship lending and financial distress : an empirical study on financial contracting

Elsas, Ralf; Krahnen, Jan Pieter - 2002

This paper analyses the role of collateral in loan contracting when companies are financed by multiple bank lenders and relationship lending can be present. We conjecture and empirically validate that relationship lenders, who enjoy an informational advantage over arm's-length banks, are more...

Persistent link: https://www.econbiz.de/10009767124

Multiple lenders and corporate distress : evidence on debt restructuring

Brunner, Antje; Krahnen, Jan Pieter - 2006 - This version: June 2006

In the recent theoretical literature on lending risk, the coordination problem in multi-creditor relationships have been analyzed extensively. We address this topic empirically, relying on a unique panel data set that includes detailed credit-file information on distressed lending relationships...

Persistent link: https://www.econbiz.de/10009767665