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Securitisation, loan growth and bank funding: the Swiss experience since 1932

Jonas Meuli, Thomas Nellen () and Thomas Nitschka

No 2016-18, Working Papers from Swiss National Bank

Abstract: This paper empirically analyses securitisation in Switzerland from a macroeconomic and bank balance sheet perspective based on a novel and near-comprehensive data set on a specific form of securitisation over the sample period from 1932 to 2014. The Swiss Pfandbrief is a distinct covered bond with a similar institutional framework as the U.S. Federal Home Loan Bank System.

Keywords: Securitisation; covered bonds; mortgage loans; bank balance sheet management; business cycles; financial cycle; financial stability (search for similar items in EconPapers)
JEL-codes: E43 E44 E51 G12 G21 G23 N24 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-acc, nep-his and nep-mac
Date: 2016
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Handle: RePEc:snb:snbwpa:2016-18