Bank behaviour with access to credit risk transfer markets
One of the most important recent innovations in financial markets has been the development
of credit derivative products that allow banks to more actively manage their credit portfolios
than ever before. We analyse the effect that access to these markets has had on the lending
behaviour of a sample of banks, using a sample of banks that have not accessed these
markets as a control group. We find that banks that adopt advanced credit risk management
techniques (proxied by the issuance of at least one collateralized loan obligation) …
of credit derivative products that allow banks to more actively manage their credit portfolios
than ever before. We analyse the effect that access to these markets has had on the lending
behaviour of a sample of banks, using a sample of banks that have not accessed these
markets as a control group. We find that banks that adopt advanced credit risk management
techniques (proxied by the issuance of at least one collateralized loan obligation) …
[引用][C] Bank Behaviour with access to credit risk transfer markets
G Benedikt, M Ian, VC Judit, W Wolf - Research Discussion Papers, 2007
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