particular for collateral that saves more on regulatory capital …

particular for collateral that saves more on regulatory capital …

By allowing large classes of movable assets to be used as collateral, the Property Law reform trans-formed the secured …

supervisory dataset of syndicated loans from 2006-2012. Leveraging the unique information on covenant compliance, collateral and … public firms after violations. We find that collateral plays an important role in alleviating credit rationing for private … collateral values and tighter lending standards. We conclude that banks' use of the covenant channel disproportionately impacts …

This paper presents a new model for pricing OTC derivatives subject to collateralization. It allows for collateral … risk alone is not overly important in determining credit-related spreads. Only accounting for both collateral arrangement … collateral agreements on risk measurements. Our findings indicate that there are important interactions between market and credit …

the CMBS market as a natural experiment, when banks funded both collateral types. Our results show that properties likely … securitization in this market funds safe collateral …

borrower quality is fixed and collateral quality is known. Holding all risk factors constant except collateral quality, we show … that loans on riskier collateral have higher spreads, that is, they remain riskier even though lenders require higher … suggest that maturity is not lenders' primary risk management tool. Holding loan quality constant (including collateral), we …