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Credit and its cost

Bank for International Settlements / Monetary and … - 1957

Persistent link: https://www.econbiz.de/10002151492

Debt collateralization and maximal leverage

Gong, Feixue; Phelan, Gregory - 2015

Persistent link: https://www.econbiz.de/10011333092

Structured debt ratings : evidence on conflicts of interest

Efing, Matthias; Hau, Harald - In: Journal of financial economics 116 (2015) 1, pp. 46-60

Persistent link: https://www.econbiz.de/10011347319

Structured debt ratings : evidence on conflicts of interest

Efing, Matthias; Hau, Harald - 2013

We test if issuers of asset- and mortgage-backed securities receive rating favors from agencies with which they … maintain strong business relationships. Controlling for issuer fixed effects and a large set of credit risk determinants, we …. Such rating favors are larger for very complex structured debt deals and for deals issued during the credit boom period …

Persistent link: https://www.econbiz.de/10009750621

Structured debt ratings : evidence on conflicts of interest

Efing, Matthias; Hau, Harald - 2013

Persistent link: https://www.econbiz.de/10009759796

Insecure debt

Matta, Rafael; Perotti, Enrico C. - 2015

Persistent link: https://www.econbiz.de/10010509447

Insecure debt

Perotti, Enrico C.; Matta, Rafael - 2015 - This Draft: March 16, 2015

Does demand for safety create instability ? Secured (repo) funding can be made so safe that it never runs, but shifts risk to unsecured creditors. We show that this triggers more frequent runs by unsecured creditors, even in the absence of fundamental risk. This effect is separate from the...

Persistent link: https://www.econbiz.de/10010492342