Union (EMU) banking sector. The paper's central hypothesis that capital adequacy of the EMU banking sector influenced credit …, the sub-hypothesis that higher capital adequacy resulted in negative credit growth was supported for the crisis period. We …

securitization activity on loans' relative credit quality employing a uniquely detailed dataset from the euro-denominated syndicated … securitization, however, the credit quality of borrowers whose loans are securitized deteriorates by more than those in the control … detailed loan-by-loan information on loan credit quality would be useful to reap out the benefits of securitization. …

find that the nexus between credit risk securitization, the issuing banks' overall risk exposure and wealth effects is … Switzerland between 1997 and 2007, this paper provides empirical evidence for time-dependent negative wealth effects of credit … risk securitization announcements in European banking. Baseline results hold when comparing estimated wealth effects with a …