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We investigate the default probability, recovery rates and loss distribution of a portfolio of securitised loans granted to Italian small and medium enterprises (SMEs). To this end, we use loan level data information provided by the European DataWarehouse platform and employ a logistic...
Persistent link: https://www.econbiz.de/10012022072
We investigate the default probability, recovery rates and loss distribution of a portfolio of securitised loans granted to Italian small and medium enterprises (SMEs). To this end, we use loan level data information provided by the European DataWarehouse platform and employ a logistic...
Persistent link: https://www.econbiz.de/10012111366
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This article investigates the not-so-obvious reasons for which the financial mechanism of asset securitization is so … poorly relied on in such developed civil law jurisdictions as France and Germany. Analysis is focused on several constituent … take account of the different approach of regulators and legislators to asset securitization in the two countries and the …
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sample of non-financial corporations (around 120,000 firms) in six euro area countries (Belgium, Germany, France, Italy, the … appears to be especially large in the Netherlands and Italy and relatively small in Germany …
Persistent link: https://www.econbiz.de/10003790950