dataset of US firms from 1990 to 2010, we show that property, plant and equipment are important drivers of the collateral … channel, while inventories and receivables are less important. The collateral channel is more pronounced for firms that have … the financial crisis. Our study provides new evidence on the cross-sectional and time-varying importance of the collateral …

represents the first empirical test of the screening role of loan contracts that consider collateral-interest margins … results suggest that by combining collateral appropriately with interest rate, borrowers with different risk levels are … separated: high-risk borrowers accept loans without collateral and with high interest rates, whereas low-risk borrowers accept …

borrowing is determined primarily by the size of the firm, and the ability to offer collateral. Contrary to expectations …

This paper aims to investigate the determinants of collateral requirements for loans that are extended to small and … important than country-specific variables in determining collateral requirements on loan contracts. The strongest evidence in … our paper emphasises the importance of borrower risk and loan cost in collateral determinants. …

In his basic model of debt renegotiation, BESTER [1994] argues that collateral is more effective if high risk projects … high probability of default, that makes collateral more effective. Instead it turns out that, given the expected return …, the probability of default has no impact on the collateral's effectiveness. Moreover, a higher risk of the project caused …

The industrial organization approach to banking is extended to analyze the effects of interbank market activity and … risk averse in an environment where there is no interbank market and liquidity regulation. Introducing a buoyant interbank … separating effect of interbank money markets and recreate endogenous risk aversion of banks. …

from trading assets for cash. -- interbank market ; fire sale …