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Investigation on the credit risk transfer effects on the banking stability and performance

Younes, R. - In: Cogent economics & finance 10 (2022) 1, pp. 1-21

performance. Nevertheless, the effect of residential mortgage loans securitization on bank risk appeared to be negative after the … crisis, indicating that the securitization of this type of credit can reduce the bank risk in the detriment of a lower profit …

Persistent link: https://www.econbiz.de/10013435725

The systemic risk of corporate credit securitization revisited

Lojak, Benjamin; Theobald, Thomas - 2020

a securitization process. Against the background of increased corporate indebtedness, our interest is in quantifying … the U.S., where corporate credit securitization has been reintensified in recent years. Simulations deliver adverse medium …%. Securitization activities above this threshold lead to significant welfare losses from the medium-term onwards. Two transmission …

Persistent link: https://www.econbiz.de/10012224673

Nonparametric testing for information asymmetry in the mortgage servicing market

Jedidi, Helmi; Dionne, Georges - In: Risks : open access journal 12 (2024) 12, pp. 1-36

Our objective is to test for evidence of information asymmetry in the mortgage servicing market. Does the sale of mortgage servicing rights (MSR) by the initial lender to a second servicing institution unveil any residual asymmetric information? We are the first to analyze the originator's...

Persistent link: https://www.econbiz.de/10015327697

The effects of securitization for managing banking risk using alternative tranching schemes

Cadenas, Pedro; Gzyl, Henryk - In: Journal of risk and financial management : JRFM 15 (2022) 10, pp. 1-25

the cost of increasing systemic risk. Later, a follow-up study showed that a particular strategy of securitization with … tranches can help avoid this trade-off. We extend the theoretical work on securitization by considering all possible strategies … for securitization with two tranches, by finding their corresponding optimal diversification solutions, and by discussing …

Persistent link: https://www.econbiz.de/10013471496

US Treasury market default risk and global interbank liquidity risk

Cottrell, Simon; Lei, Jinghua; Ma, Yihong; Delpachitra, … - In: Borsa Istanbul Review 25 (2025) 1, pp. 66-78

Using Credit Default Swaps (CDS) on sovereign bonds, we investigate whether US sovereign default risk is a greater driving factor of domestic interbank funding risk than domestic sovereign default risk across the five Libor counties including Canada and Australia. We use equivalent-country...

Persistent link: https://www.econbiz.de/10015334486

Current state and perspectives of securitization processes in the Russian Federation

Nikolaevna, Koniagina Mariia - In: International journal of business and economic sciences … 13 (2020) 3, pp. 45-55

Purpose: The study is aimed not only at determining the current state of the bank asset securitization market but also … at developing methods and ways to improve the processes of bank asset securitization in Russia. Design …/methodology/approach: The article presents the results of a survey of Russian market securitization over the last 10 years, where the author …

Persistent link: https://www.econbiz.de/10012485861

SME's cost of debt : a meta-analysis of borrower, creditor and financial statement verification attributes

Loy, Thomas; Mohrmann, Stefan - In: Journal of entrepreneurial finance : JEF ; official … 24 (2022) 2, pp. 1-37

Private firm financing, given the far-reaching importance of non-publicly traded companies for global output and employment, is still a relatively underexplored area. Since the seminal work of Petersen and Rajan (1994), only a small branch of research into private firms' cost of debt has been...

Persistent link: https://www.econbiz.de/10012990197

Entrepreneurial investment evaluation decision-making : a focus on venture capitalists, business angels and early-stage entrepreneurs in South Africa

Urban, Boris; Moreno, Marco Antonio - In: Journal of entrepreneurial finance : JEF ; official … 24 (2022) 2, pp. 38-58

Business angels (BAs) and venture capitalists (VCs) are important sources of finance for entrepreneurs in emerging markets for raising start-up and growth capital. Recognising that entrepreneurial investment evaluation decision-making is a highly complex process, and that there are limited...

Persistent link: https://www.econbiz.de/10012990201

Financial inclusion : globally important determinants

Ozili, Peterson K. - In: Financial internet quarterly 17 (2021) 4, pp. 1-11

This paper highlights the globally-important determinants of financial inclusion. The determinants identified in this paper are formal account ownership; demand for formal savings; demand for formal borrowing; financial literacy and education; debit and credit card usage; the need to receive...

Persistent link: https://www.econbiz.de/10012990277

Business hybridization in the financial sphere under the conditions of post-quarantine economic recovery

Momot, Volodymyr; Lytvynenko, Olena - In: Financial internet quarterly 17 (2021) 4, pp. 70-90

The article discusses the alternatives for financial institutions related to global business reshaping after pandemic waves during post-quarantine economic recovery. To select the most acceptable variant of business hybridization, the theory of generations was used, which allows us to determine...

Persistent link: https://www.econbiz.de/10012990360