Search Results
Journal Article
Credit market conditions and the use of bank lines of credit
Many credit line agreements contain restrictive covenants and other contingencies that may limit the ability of borrowers to draw on their lines, which is a particular concern to small firms. This Economic Letter reviews recent empirical studies that suggest that private firms? access to credit lines is much more sensitive to changes in bank lending standards than is access by publicly traded firms.
Journal Article
Mortgage-backed securities: how important is \\"skin in the game\\"?
Financial reform legislation passed by Congress in 2010 requires mortgage originators to retain some loss exposure on the mortgages they securitize. Recent research compares the performance of mortgage-backed securities for different types of issues in which originators retain different degrees of loss exposure. The findings suggest that retention of even modest loss exposure by originators reduces moral hazard and is associated with significantly lower loss rates on these securities.
Journal Article
Are bank loans special?
Journal Article
Acquisitions in banking
Journal Article
Off-balance sheet banking
Journal Article
Off-balance sheet banking
Conference Paper
Some evidence on the uniqueness of bank loans
Conference Paper
Financing private equity acquisitions
Conference Paper
An analysis of the cost of liquidating failed banks