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Tracing European structured finance counterparty networks

Amzallag, Adrien; Blau, Maximilian L. - 2017

Asset-backed securities (ABSs) and covered bonds (CBs) are structured finance instruments that require a range of key services, which may be provided by many firms. However, despite the prevalence of structured finance instruments in Europe, the network between issuers and service providers has...

Persistent link: https://www.econbiz.de/10011745805

Arbitraging the Basel securitization framework : evidence from German ABS investment

Efing, Matthias - 2016

This paper provides evidence for regulatory arbitrage within the class of asset-backed securities (ABS) based on individual asset holding data of German banks. I find that banks operating with tight regulatory constraints exploit the low risk-sensitivity of rating-contingent capital requirements...

Persistent link: https://www.econbiz.de/10011975264

Occupational licensing and job mobility in the United States

Hermansen, Mikkel Nørlem - 2019

empirical analysis exploits variation in licensing regulation across states and industries and constructs indicators for both … the share of employment subject to licensing (the extensive margin) and the strictness of regulation (the intensive margin … with more extensive and stricter licensing regulation. The results from the analysis of earnings are generally mixed and …

Persistent link: https://www.econbiz.de/10012202931