Journal Article
Examining the microfoundations of market incentives for asset-backed lending
Abstract: A review of four papers that model market-based (as opposed to regulatory-based) forces driving the asset-backed lending market, revealing that under certain conditions, the information costs that make financial markets important as conduits of credit can also create nonregulatory incentives for asset-backed lending as an efficient funding mode.
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https://fraser.stlouisfed.org/title/economic-review-federal-reserve-bank-cleveland-1328/1993-quarter-1-4147?page=28
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Review
Publication Date: 1993
Volume: 29
Issue: Q I
Pages: 27-38