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Tests of ex ante versus ex post theories of collateral using private and public information
Berger, Allen N.; Frame, W. Scott; Ioannidou, Vasso - 2010
Collateral is a widely used, but not well understood, debt-contracting feature. Two broad strands of theoretical … literature explain collateral as arising from the existence of either ex ante private information or ex post incentive problems … ex post theories of collateral are empirically dominant although the ex ante theories are also valid for customers with …
Persistent link: https://www.econbiz.de/10008664109
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Central bank intraday collateral policy and implications for tiering in RTGS payment systems
Jackson, John P.; Manning, Mark J. - In: The future of payment systems, (pp. 138-159). 2008
Persistent link: https://www.econbiz.de/10003590924
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Peas in a pod? : comparing the U.S. and Danish mortgage finance systems
Berg, Jesper; Bækmand Nielsen, Morten; Vickery, James - 2018
Like the United States, Denmark relies heavily on capital markets for funding residential mortgages, and the Danish covered bond market bears a number of similarities to U.S. agency securitization. In this paper we describe the key features of the Danish mortgage finance system and compare and...
Persistent link: https://www.econbiz.de/10011857417
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Tests of ex ante versus ex post theories of collateral using private and public information
Berger, Allen N.; Frame, W. Scott; Ioannidou, Vasso - 2010
Collateral is a widely used, but not well understood, debt-contracting feature. Two broad strands of theoretical … literature explain collateral as arising from the existence of either ex ante private information or ex post incentive problems … ex post theories of collateral are empirically dominant although the ex ante theories are also valid for customers with …
Persistent link: https://www.econbiz.de/10010292349
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Who sees the trades? : the effect of information on liquidity in inter-dealer markets
Garratt, Rod; Martin, Antoine; Townsend, Robert M. - 2019
Dealers, who strategically supply liquidity to traders, are subject to both liquidity and adverse selection costs. While liquidity costs can be mitigated through inter-dealer trading, individual dealers' private motives to acquire information compromise inter-dealer market liquidity. Post-trade...
Persistent link: https://www.econbiz.de/10012038817
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The structured credit handbook
Rajan, Arvind; McDermott, Glen; Roy, Ratul - 2007
Persistent link: https://www.econbiz.de/10003330428
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Interbank lending, credit risk premia and collateral
Heider, Florian; Hoerova, Marie - 2009
secured and unsecured markets following an adverse shock to credit risk. The scarcity of underlying collateral may amplify the … crisis ; Interbank market ; Liquidity ; Credit risk ; Collateral …
Persistent link: https://www.econbiz.de/10003963805
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Tests of ex ante versus ex post theories of collateral using private and public Information
Berger, Allen N.; Frame, W. Scott; Ioannidou, Vasso - 2010
Persistent link: https://www.econbiz.de/10003965503
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Tests of ex ante versus ex post theories of collateral using private and public information
Berger, Allen N.; Frame, W. Scott; Ioannidou, Vasso - In: Journal of financial economics 100 (2011) 1, pp. 85-97
Persistent link: https://www.econbiz.de/10009241224
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Land and credit
Stiglitz, Joseph E. - 2015
Persistent link: https://www.econbiz.de/10011283138