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Details about Marc Arnold

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Workplace:Schweizerisches Institut für Banken und Finanzen (SBF) (Swiss Institute for Banking and Finance), School of Finance, Universität St. Gallen (University of St. Gallen), (more information at EDIRC)

Access statistics for papers by Marc Arnold.

Last updated 2015-09-27. Update your information in the RePEc Author Service.

Short-id: par351


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Working Papers

2016

  1. Neglected Risk: Evidence from Structured Product Counterparty Exposure
    Working Papers on Finance, University of St. Gallen, School of Finance Downloads View citations (1)
  2. The Value of Creditor Governance: Debt Renegotiations In and Outside Distress
    Working Papers on Finance, University of St. Gallen, School of Finance Downloads View citations (3)

2014

  1. Banks’ Loan Screening Incentives with Credit Risk Transfer: An Alternative to Risk Retention
    Working Papers on Finance, University of St. Gallen, School of Finance Downloads
  2. This article analyzes the impact of the introduction of centrally cleared credit risk transfer on a loan originating bank's lending discipline in the primary loan market. Under Basel III, a bank can transfer credit risk via central clearing at favorable regulatory conditions. Central clearing, however, reduces the lending discipline because the fact that only standardized contracts can be centrally cleared allows the originating bank to profitably grant and hedge a low quality loan. The impact on the lending discipline crucially depends on the regulatory design of central clearing such as capital requirements, disclosure standards, risk retention, and access to uncleared credit risk transfer. I also show that the lending discipline is an important determinant of the impact of central clearing on system risk
    Working Papers on Finance, University of St. Gallen, School of Finance Downloads

2013

  1. Financing Asset Sales and Business Cycles
    Working Papers on Finance, University of St. Gallen, School of Finance Downloads View citations (2)

2010

  1. Macroeconomic Conditions, Growth Opportunities and the Cross-Section of Credit Risk
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute Downloads View citations (1)

Journal Articles

2014

  1. Managerial cash use, default, and corporate financial policies
    Journal of Corporate Finance, 2014, 27, (C), 305-325 Downloads View citations (1)

2013

  1. Growth options, macroeconomic conditions, and the cross section of credit risk
    Journal of Financial Economics, 2013, 107, (2), 350-385 Downloads View citations (7)
 
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