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Forbearance vs Foreclosure in a General Equilibrium Model
Barbaro, Bianca; Tirelli, Patrizio - 2021
We build a business cycle model characterized by endogenous firms dynamics, where banks may prefer debt renegotiation, i.e. non-performing exposures, to outright borrowers default. We find that debt renegotiations only do not have adverse effects in the event of financial crisis episodes, but a...
Persistent link: https://www.econbiz.de/10013239325
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Mortgage Indebtedness and Household Financial Distress
Georgarakos, Dimitris - 2010
towards mortgage indebtedness. We find that a given debt burden creates much higher distress in countries with fewer mortgage … holders relative to countries where a significant part of households uses mortgage debt. This effect is net of ppp …
Persistent link: https://www.econbiz.de/10013147952
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Securitization and lending standards: evidence from the wholesale loan market
Kara, Alper; Marqués-Ibáñez, David; Ongena, Steven - 2011
We investigate the effect of securitization activity on banks’ lending standards using evidence from pricing behavior … aggressive on their loan pricing practices. This suggests that securitization activity lead to laxer credit standards …. Macroeconomic factors also play a large role explaining the impact of securitization activity on bank lending standards: banks more …
Persistent link: https://www.econbiz.de/10011605408
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Bank risk-taking, securitization, supervision and low interest rates: Evidence from the euro area and the U.S. lending standards
Maddaloni, Angela; Peydró, José-Luis - 2010
securitization activity, weak supervision for bank capital and too low for too long monetary policy rates. Conversely, low long …
Persistent link: https://www.econbiz.de/10011605294
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Securitization and Credit Quality
Kara, Alper - 2017
securitization activity on loans' relative credit quality employing a uniquely detailed dataset from the euro-denominated syndicated … securitization, however, the credit quality of borrowers whose loans are securitized deteriorates by more than those in the control … detailed loan-by-loan information on loan credit quality would be useful to reap out the benefits of securitization …
Persistent link: https://www.econbiz.de/10012963923
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Do Reputable Issuers Provide Better-Quality Securitizations?
Deku, Solomon - 2019
We examine the link between issuer reputation and mortgage-backed security (MBS) performance using a sample of 4 …
Persistent link: https://www.econbiz.de/10012893310
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Bank Risk-Taking, Securitization, Supervision and Low Interest Rates : Evidence from the Euro Area and the U.S. Lending Standards
Maddaloni, Angela - 2010
securitization activity, weak supervision for bank capital and too low for too long monetary policy rates. Conversely, low long …
Persistent link: https://www.econbiz.de/10013138019
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Securitization and Lending Standards : Evidence from the Wholesale Loan Market
Kara, Alper - 2011
We investigate the effect of securitization activity on banks' lending standards using evidence from pricing behavior … aggressive on their loan pricing practices. This suggests that securitization activity lead to laxer credit standards …. Macroeconomic factors also play a large role explaining the impact of securitization activity on bank lending standards: banks more …
Persistent link: https://www.econbiz.de/10013122538
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Retained Interest in Securitisations and Implications for Bank Solvency
Sarkisyan, Anna - 2013
' retained interests in securitisations and insolvency risk. We find that the provision of credit enhancements and guarantees … significantly increases bank insolvency risk, albeit this varies for different levels of securitisation outstanding. Specifically …, retained interests increase insolvency risk for “large-scale” securitisers while having a risk-reducing effect for “small …
Persistent link: https://www.econbiz.de/10013083209
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Competition and Bank Risk : The Effect of Securitization and Bank Capital
Marqués Ibáñez, David - 2014
We find that the increased use of securitisation activity in the banking sector prior to the 2007-2009 crisis augmented the effect of competition on realised bank risk (i.e. more intense competition and greater use of securitisation is correlated with higher levels of realised risk) during the...
Persistent link: https://www.econbiz.de/10013054085