Examining the microfoundations of market incentives for asset-backed lending

A review of four papers that model market-based (as opposed to regulatory-based) forces driving the asset-backed lending market, revealing that under certain conditions, the information costs that make financial markets important as conduits of credit can also create nonregulatory incentives for asset-backed lending as an efficient funding mode.

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Year of publication:	1993
Authors:	Carlstrom, Charles T. ; Samolyk, Katherine A.
Published in:	Economic Review. - Federal Reserve Bank of Cleveland. - 1993, Q I, v. 29, no. 1, p. 27-38
Publisher:	Federal Reserve Bank of Cleveland
Subject:	Asset-backed financing \| Bank loans

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

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