Securitisation, credit risk and lending standards revisited
David Marques-Ibanez ()
Research Bulletin, 2017, vol. 32
It is commonly argued that in the run-up to the recent financial crisis, banks selected and securitised loans of relatively lower credit quality. This article reviews new evidence from the euro-denominated corporate loan market which suggests that this presumption does not hold for this market segment in Europe. Banks that were more active in securitisation markets are also not found to offer, all else being equal, lower lending rates to borrowers. Our results complement earlier findings from the US securitisation markets. JEL Classification: G21, E42
Keywords: banks; credit risk; financial stability; securitisation (search for similar items in EconPapers)
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