prediction model where the bank type is determined by observable risk proxies such as ex-ante credit ratings, which influence the …

In recent decades U.S. firms increasingly finance themselves with bonds instead of bank loans, a development with … important macroeconomic implications. What causes this change in corporate debt composition? This paper finds that bank scope …’ securities. Affected firms increase their quarterly bond issuance by around 5 percent while reducing their bank loan uptake by …

a Chinese bank. Securitized loans exhibit lower ex-post default rates and prepayment chances compared to the loans … retained on the bank's balance sheet, suggesting no adverse selection or moral hazard within the Chinese securitization market … loan performance after the new regulation, in line with deterioration of the bank's incentive. This unintended consequence …