This paper uncovers if and how insurance companies react to shocks to collateral in their portfolio of securitized …

This paper uncovers if and how insurance companies react to shocks to collateral in their portfolio of securitized …

firm level? We exploit that, in 2007, the European Central Bank replaced national collateral frameworks by a single list …. This collateral framework shock added loans to non-domestic euro area firms to the pool of eligible assets. Using loan … extended to (previously eligible) domestic borrowers, suggesting only a limited cross-border effect of the collateral framework …

Collateral is a significant challenge for small and medium enterprises (SMEs) in acquiring formal credit. Bank market … concentration can cause to increase collateral demand through enhancing bank market power. This study explores the relationship … between bank market concentration and the collateral challenges faced by SMEs in accessing bank credit by employing a probit …