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collateral requirements have no significant effects on the probability to invest in intangible assets. These terms however, do … however, like cost, maturity and collateral requirements, have significant effect on investment intensity. …
Persistent link: https://www.econbiz.de/10012520775
increasingly drove a wedge between a seemingly resilient Euro-Zone core and its faltering periphery, its first collateral victims …
Persistent link: https://www.econbiz.de/10013063273
This paper is a case study that focuses on possible incentive problems in the management of Collateralized Loan Obligations (CLOs). CLOs are the most important type of special purpose vehicles in the leveraged loan market, and their managers appear to have a considerable impact on performance....
Persistent link: https://www.econbiz.de/10011610165
This paper is a case study that focuses on possible incentive problems in the management of Collateralized Loan Obligations (CLOs). CLOs are the most important type of special purpose vehicles in the leveraged loan market, and their managers appear to have a considerable impact on performance....
Persistent link: https://www.econbiz.de/10014215278
The introduction of the euro marks a milestone in the process of European financial market integration. This paper analyzes the implications of the euro for cross-border banking activities. A portfolio model is used which captures the role of banks as providers of informational and of...
Persistent link: https://www.econbiz.de/10011475635
, the availability of high quality collateral suitable for encumbrance, capital and sovereign funding conditions. Third, we …
Persistent link: https://www.econbiz.de/10012617772
the credit risk of their corporate loan portfolios when the latter are used as collateral in the Eurosystem’s monetary … actually used as Eurosystem collateral, particularly for large loans. The less conservative estimates of risk by IRBs relative … findings suggest the existence of a collateral-related channel through which the use of IRB ratings may influence the internal …
Persistent link: https://www.econbiz.de/10013217542
the credit risk of their corporate loan portfolios when the latter are used as collateral in the Eurosystem's monetary … actually used as Eurosystem collateral, particularly for large loans. The less conservative estimates of risk by IRBs relative … findings suggest the existence of a collateral-related channel through which the use of IRB ratings may influence the internal …
Persistent link: https://www.econbiz.de/10012596313
in modern monetary and financial systems, namely central bank collateral frameworks. Their importance can be understood …, not defined in a market, but by the collateral frameworks and interest rate policies of central banks. Using the … collateral framework of the Eurosystem as a basis of illustration and case study, the paper brings to light the functioning …
Persistent link: https://www.econbiz.de/10011296085
-mentioned key services, especially when programmes are larger and/or are retained by the issuer for use as collateral with the … for networks based on the use of securities as Eurosystem collateral. These findings help demonstrate the importance of …
Persistent link: https://www.econbiz.de/10011745805