securitization activity on loans' relative credit quality employing a uniquely detailed dataset from the euro-denominated syndicated … securitization, however, the credit quality of borrowers whose loans are securitized deteriorates by more than those in the control … detailed loan-by-loan information on loan credit quality would be useful to reap out the benefits of securitization. …

securitization markets. In particular, it considers the way the American and European regulatory systems have responded to moral … hazard concerns in securitization, and it examines potential factors constraining the European securitization market after …

might be of lower credit quality than -- otherwise similar -- non-securitized loans. We assess the effect of securitization …, at issuance, banks do not select and securitize loans of lower credit quality. Following securitization, however, the …

This paper provides new insights into the use of loan securitization. We analyze collateralized loan obligation (CLO … factors may have on an institution's securitization decision. Our results suggest that loan securitization is an appropriate … market. -- Securitization ; credit risk transfer ; collateralized loan obligations …