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As opposed to the public debt market, the ultimate users of bank loan ratings, lenders, may prefer inflated ratings to …' ability to acquiesce to lender demands, we provide evidence of whether ratings assigned on private bank loans are reliable … indicators of borrower distress. We find that bank loan ratings are systematically biased upwards for bank borrowers with greater …
Persistent link: https://www.econbiz.de/10012903168
This paper describes the model of credit growth in the sector of commercial banks in Poland making use of panel data from Senior Loan Officers Opinion Survey (SLOS). The main aim of the model is short-term forecasting of the loan growth at the disaggregated (for particular banks) and aggregated...
Persistent link: https://www.econbiz.de/10013003297
This paper studies how organizational downsizing in a bank affects loan officer specialization and the credit default …
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Regulation and capital constraints may force banks and collateralized loan obligations (CLOs) to sell deteriorating loans, potentially hampering renegotiation and amplifying the initial negative shock to the borrower. We show that banks and CLOs sell downgraded loans to mutual funds and hedge...
Persistent link: https://www.econbiz.de/10012602665
This study estimates the effect of the European Central Bank's second series of targeted longerterm refinancing … operations (TLTRO-II) on bank lending using bank level data from multiple countries and instrumental variable estimation. Effects …
Persistent link: https://www.econbiz.de/10012849601
The development of credit information sharing schemes in developing countries has gained significant attention in recent times along with ongoing financial sector reforms. In this paper, we provide first-hand evidence of the effect of credit information sharing on credit intermediation cost in...
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