-transfer and default probabilities to gauge the severity of informational asymmetries in the loan securitization market. First, the … effects of asymmetric information. Third, using data for firms that maintain multiple bank relationships, we obtain … characterised by a limited commitment to exert costly monitoring by the bank …

a securitization process. Against the background of increased corporate indebtedness, our interest is in quantifying … the U.S., where corporate credit securitization has been reintensified in recent years. Simulations deliver adverse medium …%. Securitization activities above this threshold lead to significant welfare losses from the medium-term onwards. Two transmission …

covered bond market bears a number of similarities to U.S. agency securitization. In this paper we describe the key features …