Loan sales: Pacific Rim trade in nontradable assets

Joseph Haubrich and James Thomson

No 9414, Working Papers (Old Series) from Federal Reserve Bank of Cleveland

Abstract: An examination of the role of foreign banks in the loan sales market, finding that the motives for loan sales and purchases differ between U.S. and foreign-owned banks and between foreign banks of different regions, which is consistent with foreign banks' using the market for diversification.

Keywords: Loan sales; Pacific Area; International finance (search for similar items in EconPapers)
Date: 1994
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