While the 2007-2010 financial crisis has hit a variety of countries asymmetrically, the case of Spain is particularly … illustrative: this country experienced a pronounced housing bubble partly funded via spectacular developments in its securitization … by commercial banks. - Securitization ; lending ; risk ; financial instability …

estate assets on credit supply for non real-estate firms in Spain over 2000-2010. We show that firm-level equilibrium … dynamics nullify the strong local (bank-level) lending channel of securitization on credit quantity for firms with multiple … banking relationships. Credit terms however become softer, but there are no real effects. Securitization implies a credit …

Spain is particularly illustrative of the 2007-2010 financial crisis as it exemplifies in a vivid manner most of its … securitization markets leading to looser credit standards and subsequent financial stability problems. We analyze the sequential … deterioration of credit quality in Spain considering rating changes in securitized deals. Using a sample of 20,286 observations from …

through diversification. In recent years, the development of markets for credit securitization and credit derivatives has … are quite severe. A potential successful application of credit securitization and credit derivatives for managing credit …

We examine whether banks manage firms’ climate transition risks via corporate loan securitization. Results show that … that lowers transition risk, we show that banks respond by a lower securitization of loans given to firms that become more …

securitization activity, weak supervision for bank capital and too low for too long monetary policy rates. Conversely, low long … origins of the crisis and have important policy implications. - Lending standards ; monetary policy ; securitization ; bank …

Traditionally banks have used securitization for expanding credit and thus their profitability. It has been well …-rated tranche. This paper builds a simple model of securitization that accounts for the above retention strategies. Banks in the … predicted retention strategies match well those found in empirical studies. -- securitization ; tranching ; credit expansion …