Huizinga, Harry; Laeven, Luc - C.E.P.R. Discussion Papers - 2009
-backed securities than are implicit in the book values of these assets, especially following the onset of the U.S. mortgage crisis. This … impairment. We also find that bank share prices, especially for banks with large exposures to mortgage-backed securities, react …-backed securities are also found to provision less for bad loans. Finally, we find that banks, and especially distressed banks, use …