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  1. Securitization and lending standards
    evidence from the wholesale loan market
    Autor*in: Kara, Alper; Marqués Ibáñez, David; Ongena, Steven
    Erschienen: 2011
    Verlag:  European Central Bank, Frankfurt am Main

    We investigate the effect of securitization activity on banks’ lending standards using evidence from pricing behavior on the syndicated loan market. We find that banks more active at originating asset-backed securities are also more aggressive on... mehr

    Standort:
    Staats- und Universitätsbibliothek Bremen
    Fernleihe:
    keine Fernleihe

    Standort:
    Niedersächsische Staats- und Universitätsbibliothek Göttingen
    Fernleihe:
    keine Fernleihe

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 534 (1362)
    Fernleihe:
    keine Fernleihe

     

    We investigate the effect of securitization activity on banks’ lending standards using evidence from pricing behavior on the syndicated loan market. We find that banks more active at originating asset-backed securities are also more 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 active in the securitization markets loosened more aggressively their lending standards in the run up to the recent financial crisis but also tightened more strongly during the crisis period. As a continuum of this paper we are examining whether individual loans that are eventually securitized are priced more aggressively by using unique European data on individual loans from all major trustees. - Securitization ; bank risk taking ; syndicated loans ; financial crisis

     
    Export in Literaturverwaltung   RIS-Format
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    Hinweise zum Inhalt
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/153796
    Schriftenreihe: Working paper series / European Central Bank ; 1362
    Schlagworte: Verbriefung; Bankrisiko; Kreditgeschäft; Finanzkrise; Europa
    Umfang: Online-Ressource, (36 S., 1,21 MB)
  2. Securitization and lending standards
    evidence from the wholesale loan market
    Autor*in: Kara, Alper; Marqués Ibáñez, David; Ongena, Steven
    Erschienen: 2011
    Verlag:  Center for Economic Research, Tilburg

    We investigate the effect of securitization activity on banks’ lending standards using evidence from pricing behavior on the syndicated loan market. We find that banks more active at originating asset-backed securities are also more aggressive on... mehr

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    VS 37 (2011,81)
    Fernleihe:
    keine Fernleihe

     

    We investigate the effect of securitization activity on banks’ lending standards using evidence from pricing behavior on the syndicated loan market. We find that banks more active at originating asset-backed securities are also more 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 active in the securitization markets loosened more aggressively their lending standards in the run up to the recent financial crisis but also tightened more strongly during the crisis period. As a continuum of this paper we are examining whether individual loans that are eventually securitized are priced more aggressively by using unique European data on individual loans from all major trustees. - Securitization ; bank risk taking ; syndicated loans ; financial crisis

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Hinweise zum Inhalt
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    Schriftenreihe: Discussion Paper / CentER for Economic Research ; 2011,81
    Schlagworte: Verbriefung; Bankrisiko; Kreditgeschäft; Finanzkrise; Europa
    Umfang: Online-Ressource (PDF-Datei: 34 S., 437,60 KB), graph. Darst.
  3. Securitization and credit quality
    Autor*in: Kara, Alper; Marqués Ibáñez, David; Ongena, Steven
    Erschienen: November 2015
    Verlag:  Board of Governors of the Federal Reserve System, [Washington, DC]

    Banks are usually better informed on the loans they originate than outside investors. As a result, securitized loans might be of lower credit quality than -- otherwise similar -- non-securitized loans. We assess the effect of securitization activity... mehr

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    VS 201 (1148)
    Fernleihe:
    keine Fernleihe

     

    Banks are usually better informed on the loans they originate than outside investors. As a result, securitized loans might be of lower credit quality than -- otherwise similar -- non-securitized loans. We assess the effect of securitization activity on credit quality employing a uniquely detailed dataset from the euro-denominated syndicated loan market. We find that, at issuance, banks do not select and securitize loans of lower credit quality. Following securitization, however, the credit quality of borrowers whose loans are securitized deteriorates by more than those in the control group. We find tentative evidence suggesting that poorer performance by securitized loans might be linked to banks' reduced monitoring incentives

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Hinweise zum Inhalt
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: International finance discussion papers ; number1148
    Schlagworte: Verbriefung; Bankrisiko; Kreditgeschäft; Finanzkrise; Europa
    Umfang: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  4. Securitization and lending standards
    evidence from the European wholesale loan market
    Autor*in: Kara, Alper; Marqués Ibáñez, David; Ongena, Steven
    Erschienen: 2015
    Verlag:  Board of Governors of the Federal Reserve System, Washington, DC

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    VS 201 (1141)
    Fernleihe:
    keine Fernleihe
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Hinweise zum Inhalt
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: International finance discussion papers ; 1141
    Schlagworte: Verbriefung; Bankrisiko; Kreditgeschäft; Finanzkrise; Europa
    Umfang: Online-Ressource (33 S.), graph. Darst.