Working Paper

Loan sales: Pacific Rim trade in nontradable assets


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: Pacific Area; International finance; Loan sales;

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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Working Papers (Old Series)

Publication Date: 1994

Number: 9414