Against the backdrop of a high stock of non-performing loans (NPLs) in several European countries, this paper investigates the role of NPLs for lending rates charged for newly granted loans in the euro area. More precisely, it looks for an effect that extends beyond losses caused by that stock...

Die Entwicklung von Asset Backed Securities Gründe für die Durchführung von Asset Backed Securities: Verbesserung der Liquidität - Erhöhung der Rentabilität - Management des Risikos Die Struktur von Asset Backed Securities: Überblick - Vorbereitung und Analyse - Rechtliche Anforderungen...

This paper provides new insights into the use of loan securitization. We analyze collateralized loan obligation (CLO) transactions by European banks from 1997 to 2004 and try to identify the influence that various firm-specific and macroeconomic factors may have on an institution's...