of credit markets and weakened the natural asset transformation function performed by financial intermediaries for …

This paper investigates the ex-ante determinants of bank loan securitization by using different econometric methods on … Italian individual bank data from 2000 to 2006. Our results show that bank loan securitization is a composite decision. Banks … securitization, for a larger amount and earlier. …

resistance to credit risk during 2004Q1–2011Q2. We employ individual concentration index of banks in different asset markets … (structural measure) and the Lerner index (unstructured measure) as indicators of market power. We approximate banks’ credit risks … quality of banks, especially large ones, since the intensive development of the credit market allows banks to filter out low …

In the recent banking literature on the relationship between credit risk and the business cycle, the presence of … asymmetric effects both across credit risk regimes and through the business cycle has been generally neglected. Employing …, determining the thresholds endogenously. Our results show that not only are the effects of the business cycle on credit risk more …

banks to higher credit risk exposures in the future (the “skimping” hypothesis)? Our main result implies that, while the …

credit losses rise when the cycle falls, but less so when net income of banks is relatively high, which reduces …

credit losses rise when the cycle falls, but less so when net income of banks is relatively high, which reduces …

This paper is the first attempt that empirically investigates the relationship between banks capital, securitization … over the 1988-1998 period indicates that a) securitization has negative effects on both Tier 1 and Total risk-based capital … ratios, and b) there exists a positive statistical link between securitization and banks' risk. These results seem to accord …

, securitization and bank risk-taking in a context of the rapid growth in off-balance-sheet activities. The data come from the Canadian … financial sector. Evidence from the 1988-1998 period indicates that: (a) securitization has a negative statistical link with … securitization and bank risk-taking. Profit-risk measure is more sensitive than loss-risk measure to the variation in securitization …