The Effect of MSME Loan Securitization on Bank Stability: Collective Roles of Mediators

Arfan Wiraguna (), Rofikoh Rokhim (), Buddi Wibowo () and Roy Sembel ()
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Arfan Wiraguna: Universitas Indonesia, Depok, Indonesia; and Universitas Prasetiya Mulya, BSD, Indonesia
Rofikoh Rokhim: Universitas Indonesia, Depok, Indonesia
Buddi Wibowo: Universitas Indonesia, Depok, Indonesia
Roy Sembel: IPMI International Business School, Jakarta, Indonesia

Economic Research Guardian, 2023, vol. 13, issue 2, 61-71

Abstract: This study aims at understanding the consequences of the collective roles of risks, funding cost, liquidity and regulatory capital as the mediators in the effects of the MSME loan securitization on bank stability. We use a novel dataset on the US and European MSME ABS originators over 2003 to 2022 given the US' and European Commission's roles in the programme. Our findings show that risk, funding costs, liquidity and regulatory capital collectively act as mediators. This research is the first study to look at the collective roles of mediators at play in the effect of MSME loan securitization on bank stability.

Keywords: Small business; Securitization; Bank stability (search for similar items in EconPapers)
JEL-codes: C31 G10 G21 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:wei:journl:v:13:y:2023:i:2:p:61-71

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