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"We present a model of shadow banking in which financial intermediaries originate and trade loans, assemble these loans into diversified portfolios, and then finance these portfolios externally with riskless debt. In this model: i) outside investor wealth drives the demand for riskless debt and...
Persistent link: https://www.econbiz.de/10009158793
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We present a model of shadow banking in which financial intermediaries originate and trade loans, assemble these loans into diversified portfolios, and then finance these portfolios externally with riskless debt. In this model: i) outside investor wealth drives the demand for riskless debt and...
Persistent link: https://www.econbiz.de/10013123980
We present a model of shadow banking in which banks originate and trade loans, assemble them into diversified portfolios, and finance these portfolios externally with riskless debt. In this model: outside investor wealth drives the demand for riskless debt and indirectly for securitization, bank...
Persistent link: https://www.econbiz.de/10013101652
We present a model of shadow banking in which banks originate and trade loans, assemble them into diversified portfolios, and finance these portfolios externally with riskless debt. In this model: outside investor wealth drives the demand for riskless debt and indirectly for securitization, bank...
Persistent link: https://www.econbiz.de/10013106906
We present a model of shadow banking in which financial intermediaries originate and trade loans, assemble these loans into diversified portfolios, and then finance these portfolios externally with riskless debt. In this model: i) outside investor wealth drives the demand for riskless debt and...
Persistent link: https://www.econbiz.de/10012461542
Persistent link: https://www.econbiz.de/10003464173
Persistent link: https://www.econbiz.de/10002574259
We investigate cross-country determinants of private credit, using new data on legal creditor rights and private and … public credit registries in 129 countries. We find that both creditor protection through the legal system and information … sharing institutions are associated with higher ratios of private credit to GDP, but that the former is relatively more …
Persistent link: https://www.econbiz.de/10012467609