Degryse, Hans; Carbo Valverde, S.; Rodriguez-Fernandez, F. - Tilburg University, Center for Economic Research - 2011
Do lending relationships mitigate credit rationing? Does securitization influence the impact of lending relationships … securitization activities relaxes credit constraints in normal periods; however, it also increases credit rationing during crisis … periods. Finally, we study the impact of different types of securitization – covered bonds and mortgage-backed securities (MBS …