Collateral and Lending

Andrada Bilan, Hans Degryse, Kuchulain O’Flynn () and Steven Ongena
Additional contact information
Kuchulain O’Flynn: University of Zurich

Chapter Chapter 5 in Banking and Financial Markets, 2019, pp 105-132 from Palgrave Macmillan

Abstract: Abstract In this chapter, we review the different forms of collateral pledged by borrowers’ bank loans and the role of collateral in reducing transaction costs. We start with contributions that study how fluctuations in real estate prices affect economic growth because they change the value of the collateral stock individuals and firms hold. We then review recent evidence on the role that movable and patent collateral play in easing lending frictions. Finally, we discuss the importance of legal frameworks that enforce creditor rights and, in consequence, enhance the use and benefits of pleadgeable assets.

Keywords: Banks; Lending; Collateral; Information frictions; Monetary policy; Bank regulation; Patents; Technology; Movable assets; Real estate; Law (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-3-030-26844-2_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9783030268442

DOI: 10.1007/978-3-030-26844-2_5

Access Statistics for this chapter

More chapters in Palgrave Macmillan Studies in Banking and Financial Institutions from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().