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

shadow banks in securitization markets. Exploiting the election of Donald Trump as an exogenous shock that reduces carbon … risk, we find that banks’ securitization decisions are sensitive to borrowers’ carbon footprints. Banks are more likely to … is reduced after Trump’s election. Importantly, securitization enables banks to offer lower interest rates to polluting …

We evaluate lenders' incentives to mitigate credit default risk through pricing or securitisation. Exploiting exogenous … variation in credit default risk created by differences in foreclosure law along US state borders, we find that lenders in the …

We evaluate if lenders price or securitise mortgages to mitigate credit risk. Exploiting exogenous variation in … regional credit risk created by differences in foreclosure law along US state borders, we find that financial institutions … loan guarantees, lenders transfer credit risk using securitisation and do not price credit risk into mortgage contracts. In …

securitization activity on loans' relative credit quality employing a uniquely detailed dataset from the euro-denominated syndicated … securitization, however, the credit quality of borrowers whose loans are securitized deteriorates by more than those in the control … detailed loan-by-loan information on loan credit quality would be useful to reap out the benefits of securitization. …

Performing Loans ; Distressed debt investing ; Synthetic securitization ; Collateralized debt obligations ; Credit risk transfer …" of credit recovery risk. -- Focus ; diversification ; specialization ; monitoring ; bank returns ; bank risk ; Non … ; Credit derivatives ; Credit default swaps ; Credit recovery swaps ; Credit portfolio management ; Credit portfolio risk …

replicate the optimal contract. The sponsor provides an internal credit enhancement out of the proceeds of the sale and extends … elapses with no losses occurring. Rather than being detrimental, well-designed securitization seems an effective means of …

, securitization serves as a vehicle to shift transition risk, especially when banks do not have market power to price transition risk … between transition risk and loan securitization. Our estimates show stronger effects for banks that do not exhibit preference …