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Persistent link: https://www.econbiz.de/10014261205
Long-term development finance provided by Multilateral Development Banks (MDBs) is key to advancing the United Nations 2015 Sustainable Development Goals. However, MDBs are constrained in their lending by the availability of capital. This paper argues that Risk Transfer, as a complement to...
Persistent link: https://www.econbiz.de/10012668502
This study investigates the geographic loan expansion on bank risk using the aggregate data of 53 countries from 2005 to 2016 using the system generalized method of moments. Our findings show that global expansion tends to increase bank insolvency and reduce bank adjusted-risk-performance. Our...
Persistent link: https://www.econbiz.de/10013179533
We study how low interest rates in the United States affect risk taking in the market for cross-border corporate loans. Because banks tend to originate these loans with intent to sell to nonbank investors, we examine risk taking by the broad financial system. To the extent that actions of the...
Persistent link: https://www.econbiz.de/10011629893
Persistent link: https://www.econbiz.de/10003837176
substantially, reflecting a change in the nature of the financial intermediation process. Together with increased securitization of … portfolio of assets, have also become more relevant. As a result, the volume of securitization, although traditionally … associated with credit markets, influences the outcomes of other asset markets. We investigate the link between securitization …
Persistent link: https://www.econbiz.de/10010479921
One of the most significant developments in international credit markets in recent years has been the trade in Collateralized Debt Obligations (CDO), which has enabled financial institutions to repackage the credit risk of an asset portfolio into tranches to be transferred to investors. The...
Persistent link: https://www.econbiz.de/10013073490
We explore the motivations underlying the securitization transactions placed by the Italian banks from 1999 to 2006. By …
Persistent link: https://www.econbiz.de/10013155228
We study whether and how corporate loan securitization through collateralized loan obligations (CLOs) has changed the … business from the same borrower. The new loans from this securitization-funded relationship lender, when compared to loans from … securitized. Our results suggest that lending relationship is impaired as securitization weakens monitoring efforts and reduces …
Persistent link: https://www.econbiz.de/10012954878
We study whether and how corporate loan securitization through collateralized loan obligations (CLOs) has changed the … business from the same borrower. The new loans from this securitization-funded relationship lender, when compared to loans from … securitized. Our results suggest that lending relationship is impaired as securitization weakens monitoring efforts and reduces …
Persistent link: https://www.econbiz.de/10012962747