Securitization and Credit Quality

Released on by David Marques-Ibanez
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  • Securitization and Credit Quality Book Detail

  • Author : David Marques-Ibanez
  • Release Date : 2016-11-15
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 41
  • ISBN 13 : 1475553765
  • File Size : 40,40 MB
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Securitization and Credit Quality by David Marques-Ibanez PDF Summary

Book Description: Banks are usually better informed on the loans they originate than other financial intermediaries. As a result, securitized loans might be of lower credit quality than otherwise similar nonsecuritized loans. We assess the effect of securitization activity on loans’ relative credit quality employing a uniquely detailed dataset from the euro-denominated syndicated loan market. We find that, at issuance, banks do not seem to 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.

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Securitization and Credit Quality

Securitization and Credit Quality

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Banks are usually better informed on the loans they originate than other financial intermediaries. As a result, securitized loans might be of lower credit quali

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The first guide to this new financial trend. Credit securitization (also known as asset securitization) is a financial technology for packaging, underwriting, a

Securitization and Credit Quality

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Banks are usually better informed on the loans they originate than other financial intermediaries. As a result, securitized loans might be of lower credit quali

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A comprehensive resource providing extensive coverage of the state of the art in credit secruritisations, derivatives, and risk management Credit Securitisation