informationsensitive securities, such as equities and bank debt, to information-insensitive arm's-length debt. …

-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 …

Structured finance instruments represent a form of securitization technology which can be defined by the … securitization, in order to identify the economic forces underlying the creation of SF instruments. A question addressed is under … what circumstances one would expect to observe pooling alone (as with traditional securitization) versus pooling and …