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Gadanecz, Blaise - 2014

The unique structure of syndicated lending results in information asymmetries within the lending syndicate between banks of varying degrees of seniority. While previous studies have attempted to use indirect proxy measures to capture the effects of such information asymmetries, in this paper we...

Persistent link: https://www.econbiz.de/10013067305

Innovations in Credit Risk Transfer : Implications for Financial Stability

Duffie, Darrell - 2013

Banks and other lenders often transfer credit risk to liberate capital for further loan intermediation. This paper aims to explore the design, prevalence and effectiveness of credit risk transfer (CRT). The focus is on the costs and benefits for the efficiency and stability of the financial...

Persistent link: https://www.econbiz.de/10014216392

Credit risk and collateral demand in a retail payment system

Perez-Saiz, Hector; Xerri, Gabriel - 2016

defaulting member. We consider schemes that use a collateral pool calculated using a rolling time window. Our simulations show … that the size of the window has a very significant effect on the average level of collateral and its variability day to day …, creating an interesting trade-off. Collateral levels and variability may be important for ACSS participants because they could …

Persistent link: https://www.econbiz.de/10011515921

The New Era of Expected Credit Loss Provisioning

Cohen, Benjamin H. - 2017

Following the Great Financial Crisis, accounting standard setters have required banks and other companies to provision against loans based on expected credit losses. While the rules adopted by the two main standard-setting bodies differ, banks must in both cases provision for expected credit...

Persistent link: https://www.econbiz.de/10012961261

CLO Trading and Collateral Manager Bank Affiliation

Peristiani, Stavros C. - 2017

This paper investigates whether the type of institutional affiliation of a collateralized loan obligation (CLO) manager influences the manager's access to information and risk appetite. We base our investigation on CLO managers' trading of distressed loans. Our findings reveal that CLO managers...

Persistent link: https://www.econbiz.de/10012956649

The value of repeat lending

Gadanecz, Blaise; Kara, Alper; Molyneux, Philip - 2011

Persistent link: https://www.econbiz.de/10009271973

Aktives Kreditrisikomanagement : Portfoliomodelle & innovative Produkte

Schulze, Claudia; Pfeiffer, Verena; Witzke, Torsten - 2001

Persistent link: https://www.econbiz.de/10013433861

Systemic risk and monetary policy : the haircut gap channel of the lender of last resort

Jasova, Martina; Laeven, Luc; Mendicino, Caterina; … - 2021

Persistent link: https://www.econbiz.de/10012543134

Greening the economy : how public-guaranteed loans influence firm-level resource allocation

Buchetti, Bruno; Miquel-Flores, Ixart; Perdichizzi, … - 2024

This study investigates the underlying reasons for banks' continued support of fossil fuel-based firms and examines the role of public guaranteed loans (PGLs) in redirecting resources towards greener economic activities, thereby facilitating the climate transition process. Using a unique...

Persistent link: https://www.econbiz.de/10014490490

Does market competition affect all banks equally? : empirical evidence on Montenegro

Vujanović, Nina; Fabris, Nikola - In: Journal of central banking theory and practice 10 (2021) 2, pp. 87-107

Bank stability is an important aspect of financial stability, especially in bank-centric systems like that of Montenegro. Hence, it is important to analyse risks affecting stability of both the banking and financial system as a whole. Rising competition among banks could pose a challenge and...

Persistent link: https://www.econbiz.de/10012549205