through diversification. In recent years, the development of markets for credit securitization and credit derivatives has … are quite severe. A potential successful application of credit securitization and credit derivatives for managing credit …

We examine whether banks manage firms’ climate transition risks via corporate loan securitization. Results show that … that lowers transition risk, we show that banks respond by a lower securitization of loans given to firms that become more …

This paper derives a bank capital allocation model and applies it in the determinants of securitization. According to … increase riskier loans to raise capital return, or to decrease loans to alleviate risk.Securitization is one way to alleviate … securitization to maximize utility. To derive a bank capital allocation model, HJB equation in control theory and a specific utility …

We examine how securitization markets affect the role of banks as monitors in corporate lending. We find that banks … active in securitization impose looser covenants on borrowers at origination. After origination, these borrowers take on … substantially more risk than borrowers of non-securitization-active banks. We use borrowers' geographic locations to instrument for …

We investigate whether the securitization of corporate loans affected banks' lending standards. We find that during the …

lending" and describing the process of securitization, it argues that securitizing subprime loans has many dangers. While some … have claimed that securitizing loans lowers loan costs to borrowers, the reverse might be true and securitization may … actually increase the costs of loans to borrowers. This testimony states that securitization undermines loan underwriting. As …

renegotiate, but their long term financial stake tapers off as losses unfold. Liquidity regulation based on tranching can … elapses with no losses occurring. Rather than being detrimental, well-designed securitization seems an effective means of …