Search Results - subject:"Collateral."

Lending relationships and the collateral channel

Anderson, Gareth; Bahaj, Saleem; Chavaz, Matthieu; … - In: Review of finance : journal of the European Finance … 27 (2023) 3, pp. 851-887

Persistent link: https://www.econbiz.de/10014317999

Are CLO collateral and tranche ratings disconnected?

Griffin, John M.; Nickerson, Jordan - In: The review of financial studies 36 (2023) 6, pp. 2319-2360

Persistent link: https://www.econbiz.de/10014320661

Guaranteeing Trade in a Severe Crisis: Cash Collateral over Bank Guarantees

Kotidis, Antonis - 2023

letters of credit, which during the capital controls period had to be backed by firms' own cash collateral rather than the …

Persistent link: https://www.econbiz.de/10015059660

Guaranteeing Trade in a Severe Crisis : Cash Collateral Over Bank Guarantees

Kotidis, Antonis; MacDonald, Margaux; Malliaropulos, … - 2023

letters of credit, which during the capital controls period had to be backed by firms’ own cash collateral rather than the …

Persistent link: https://www.econbiz.de/10014256876

The Externalities of Fire Sales : Evidence from Collateralized Loan Obligations

Kundu, Shohini - 2023

This paper investigates how covenants, intrinsic to Collateralized Loan Obligation (CLO) indentures, may amplify idiosyncratic shocks, imposing negative externalities on unrelated firms in CLO portfo-lios. Following a negative shock to the oil & gas industry, CLOs with exposure to oil and gas...

Persistent link: https://www.econbiz.de/10014257019

Loan Guarantees, Bank Underwriting Policies and Financial Fragility

Carletti, Elena; Leonello, Agnese; Marquez, Robert - 2023

Loan guarantees represent a form of government intervention to support bank lending. However, their use raises concerns as to their effect on bank risk-taking incentives. In a model of •nancial fragility that incorporates bank capital and a bank incentive problem, we show that loan guarantees...

Persistent link: https://www.econbiz.de/10014257509

Open Economies with Stock Collateral Constraints Under General Impatience

Parimoo, Suneil - 2023

This paper analytically characterizes an infinite-horizon open economy under a stock collateral constraint, whereby … allocation they would obtain absent the collateral constraint under a condition that relates to their patience; this condition …

Persistent link: https://www.econbiz.de/10014257695

Regulation, CDO Exposures, and Debt Guarantees through the Financial Crisis

Miller, Stephen Matteo - 2023

Collateralized debt obligations with asset backed securities as collateral (ABS CDOs) often getovershadowed in debates …

Persistent link: https://www.econbiz.de/10014257777

The Collateral Channel Versus the Bank Lending Channel : Evidence from a Massive Earthquake

Uesugi, Iichiro; Miyakawa, Daisuke; Hosono, Kaoru; Ono, … - 2023

This paper examines the economic impact of the collateral and the bank lending channels simultaneously by taking … to deterioration in firm’s credit availability, which lends support to the existence of both the collateral and the bank … lending channels; (2) the relative impact of the bank lending channel is almost double that of the collateral channel; (3 …

Persistent link: https://www.econbiz.de/10014258018

Climate Risk Measurement of Assets Eligible as Collateral for Refinancing Operations – Focus on Asset Backed Securities (ABS)

Loris, André; Grept, Alice; Laut, Nadia; Plantier, Gabriel - 2023

This paper analyses the exposure to climate risk of ABS, an asset class frequently pledged as collateral in the …

Persistent link: https://www.econbiz.de/10014258296