LOAN SALES AND BANK LIQUIDITY MANAGEMENT

Andrew H. Chen and Sumon C. Mazumdar
Additional contact information
Andrew H. Chen: Edwin L. Cox School of Business, Southern Methodist University Dallas, TX 75275, U.S.A.
Sumon C. Mazumdar: Law and Economics Consulting Group, Emeryville, CA 94608, U.S.A.

International Journal of Theoretical and Applied Finance (IJTAF), 1999, vol. 02, issue 02, 113-129

Abstract: Bank loan sales activities in the U.S. increased dramatically in the 1980s. We develop a dynamic control model that integrates existing rationales for loan sales. Our model explains several recently documented empirical facts concerning both bank loan sales and purchases in a consistent fashion and yields additional testable hypotheses.

Keywords: Liquidity; Loan sales; Inventory control; JEL classification G21; JEL classification G31; JEL classification G32 (search for similar items in EconPapers)
Date: 1999
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:wsi:ijtafx:v:02:y:1999:i:02:n:s0219024999000091

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DOI: 10.1142/S0219024999000091

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