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Access to Collateral and the Democratization of Credit : France's Reform of the Napoleonic Code

Aretz, Kevin - 2017

We exploit wrinkles of a contracting framework to show how access to collateral shapes the composition of corporate …

Persistent link: https://www.econbiz.de/10012969200

Endogenous Recovery and Replication of A Segregated Derivatives Economy with Counterparty Credit, Collateral, and Market Funding

Lou, Wujiang - 2016

to post collateral fully. The economy exhibits funding asymmetry in that deposit and borrowing have differing rates. A …

Persistent link: https://www.econbiz.de/10013007738

Why do (or do not) banks share customer information? : A comparison of mature private credit markets and markets in transition

Major, Iván (contributor) - 2006

Credit bureaus administering information sharing among lenders about customers reduce information asymmetry and should be key to modern credit markets. In contrast to former studies, we show that willingness to share information depends more on institutions and market concentration than on...

Persistent link: https://www.econbiz.de/10003435416

A lender-based theory of collateral

Inderst, Roman; Müller, Holger M. - 2006

extracting the full surplus from projects, so that she inefficiently rejects marginally profitable projects. Collateral mitigates … relatively smaller information advantage face higher collateral requirements, and that technological innovations that narrow the … information advantage of local lenders, such as small business credit scoring, lead to a greater use of collateral in lending …

Persistent link: https://www.econbiz.de/10010380234

Risk transfer with CDOs

Krahnen, Jan Pieter (contributor); … - 2008

Modern bank management comprises both classical lending business and transfer of asset risk to capital markets through securitization. Sound knowledge of the risks involved in securitization transactions is a prerequisite for solid risk management. This paper aims to resolve a part of the...

Persistent link: https://www.econbiz.de/10003750079

Size Matters : Commercial Banks and the Capital Markets

Whitehead, Charles K. - 2015

The conventional story is that the Gramm-Leach-Bliley Act broke down the Glass-Steagall Act's wall separating commercial and investment banking in 1999, increasing risky business activities by commercial banks and precipitating the 2007 financial crisis. But the conventional story is only...

Persistent link: https://www.econbiz.de/10013011977

Complexity in Structured Finance and Difficulties Faced by Market Participants - A Critical Assessment of the Role of the Complexity in Financial Crisis

Fahad, Nafiz - 2020

This study aims to investigate the remarkable rise and fall of structured finance by emphasising the role of complexity. This study first examines how structured finance become more complicated over the last two decades. Complexity in structured finance arises from the pooling of assets, the...

Persistent link: https://www.econbiz.de/10012854073

Brexit and the implications for financial services : edited by Patricia Jackson, introduced by Morten Balling, Ernest Gnan and Patricia Jackson; contributions by Franklin Allen, Jo...

Jackson, Patricia; Balling, Morten; Gnan, Ernest; … - Conference on "Brexit and the Implications for …; … - 2017

On 23rd February 2017, SUERF and EY organized a conference on "Brexit and the Implications for Financial Services" at EY's offices, Churchill Place, Canary Wharf, London. While the outcome of the Brexit negotiations remains highly uncertain, the conference discussed the burning questions for...

Persistent link: https://www.econbiz.de/10011712197

Financial Institutions and Markets : Glossary

Singh, Paramjeet; Gaur, Divya; Juman P, Anjel; Yasar … - 2022

Basic information on the organization, operation, and growth of the financial system helps the students and early career researchers to gain better insights and understanding of the subject. The purpose of this paper is to compile the concepts, terminologies, and definitions – used in the...

Persistent link: https://www.econbiz.de/10013404565

Strategies on Initial Public Offering of Company Equity at Stock Exchanges in Imperfect Highly Volatile Global Capital Markets with Induced Nonlinearities

Ledenyov, Dimitri - 2015

This research considers the strategies on the initial public offering of company equity at the stock exchanges in the imperfect highly volatile global capital markets with the nonlinearities. We provide the IPO definition and compare the initial listing requirements on the various markets. We...

Persistent link: https://www.econbiz.de/10013026463