Bannier, Christina E.; Hänsel, Dennis N. - Deutsche Bundesbank <Frankfurt, Main> / … - 2008
We analyze collateralized loan obligation (CLO) transactions by European banks(1997 - 2004), trying to identify firm-specific and macroeconomic factors influencing aninstitution’s securitization decision. CLO issuance seems to be an appropriate fundingtool for large banks with high risk and...