Similar Search Results - EconBiz

Laying off credit risk: Loan sales versus credit default swaps

Parlour, Christine A.; Winton, Andrew - In: Journal of Financial Economics 107 (2013) 1, pp. 25-45

How do markets for debt cash flow rights, with and without accompanying control rights, affect the efficiency of lending? A bank makes a loan, learns if it needs monitoring, and then decides whether to lay off credit risk. The bank can transfer credit risk by either selling the loan or buying a...

Persistent link: https://www.econbiz.de/10010593831

Laying off credit risk : loan sales versus credit default swaps

Parlour, Christine A.; Winton, Andrew - In: Journal of financial economics 107 (2013) 1, pp. 25-45

Persistent link: https://www.econbiz.de/10009715182

Systemic fragility in decentralized markets

Lehar, Alfred; Parlour, Christine A. - 2022

Persistent link: https://www.econbiz.de/10013470652

Statistical default models and incentives

Rajan, Uday; Seru, Amit; Vig, Vikrant - In: The American economic review 100 (2010) 2, pp. 506-510

Persistent link: https://www.econbiz.de/10008748006

The failure of models that predict failure : distance, incentives, and defaults

Rajan, Uday; Seru, Amit; Vig, Vikrant - In: Journal of financial economics 115 (2015) 2, pp. 237-260

Persistent link: https://www.econbiz.de/10011347528

Credit ratings : strategic issuer disclosure and optimal screening

Cohn, Jonathan B.; Rajan, Uday; Strobl, Günter - 2025

Persistent link: https://www.econbiz.de/10015357638

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