How does bank distress impact their customers' probability of default and trade credit availability? We address this … question by looking at a unique sample of German firms from 2000 to 2011. We follow their firm-bank relationships through times … of distress and crisis, featuring the different transmission of bank distress shocks into already weakened firm balance …

How does bank distress impact their customers' probability of default and trade credit availability? We address this … question by looking at a unique sample of German firms from 2000 to 2011. We follow their firm-bank relationships through times … of distress and crisis, featuring the different transmission of bank distress shocks into already weakened firm balance …

Over the term of a securitization transaction, the concept of non-compliance allows a securitizing bank to classify a … assets or structure. In Germany, there are currently no specific regulations regarding this concept. However, a bank can use … tested and confirmed based on a unique data set. -- Non-compliance ; risk transfer ; securitization …

yield. Studying securitization exposures on the balance sheets of German banks, I show evidence consistent with this … of collateral delinquency and lose value. Differences in bank sophistication, market power, or incentives to retain …