Similar Search Results

Macroeconomic effects of secondary market trading

Neuhann, Daniel - 2016

This paper develops a theory of the secondary market trading of financial securitities in which endogenous asset market dynamics generate periods of growing aggregate credit volumes and falling credit standards even in the absence of "financial shocks." Falling credit standards in turn lead to...

Persistent link: https://www.econbiz.de/10011975286

Macroeconomic effects of secondary market trading

Neuhann, Daniel - 2017

This paper develops a theory of the credit cycle to account for recent evidence that capital is increasingly allocated to inefficiently risky projects over the course of the boom. The model features lenders who sell risk exposure to non-lender investors in order to relax borrowing constraints,...

Persistent link: https://www.econbiz.de/10011636206

Securitisation, loan growth and bank funding : the Swiss experience since 1932

Meuli, Jonas; Nellen, Thomas; Nitschka, Thomas - 2016

Persistent link: https://www.econbiz.de/10011586827

Securitization of mortgage debt, domestic lending, and international risk sharing

Hoffmann, Mathias; Nitschka, Thomas - In: The Canadian journal of economics 45 (2012) 2, pp. 493-508

Persistent link: https://www.econbiz.de/10009572456

Boom-bust cycles : leveraging, complex securities, and asset prices

Semmler, Willi; Bernard, Lucas - In: Journal of economic behavior & organization : JEBO 81 (2012) 2, pp. 442-465

Persistent link: https://www.econbiz.de/10009626477

Securitization of mortgage debt, asset prices and international risk sharing

Hoffmann, Mathias; Nitschka, Thomas - 2008 - Dec. 2008

Persistent link: https://www.econbiz.de/10003804136

Securitization of mortgage debt, asset prices and international risk sharing

Hoffmann, Mathias; Nitschka, Thomas - 2009

We explore the impact of mortgage securitization on the international diversification of macroeconomic risk. By making … mortgage-related risks internationally tradeable, securitization contributes considerably to better international consumption … countries that do not allow for mortgage securitization. Our results are based on quarterly data from a panel of 16 …

Persistent link: https://www.econbiz.de/10003806732

Securitization, collateral constraints and consumption risk sharing in the euro area

Nitschka, Thomas - In: Economics letters 106 (2010) 3, pp. 197-199

Persistent link: https://www.econbiz.de/10003952073

A business cycle approach to rating based credit risk modeling

Trück, Stefan - 2005

Persistent link: https://www.econbiz.de/10003734838

Securitization of subprime credit and the propagation of housing shocks

Yamout, Nadine - In: Journal of economics & business 125/126 (2023), pp. 1-24

Persistent link: https://www.econbiz.de/10014452671

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