Search Results
Conference Paper
The information content of bank loan covenants
Conference Paper
Banks and bubbles: how good are bankers at spotting winners?
Conference Paper
An analysis of the cost of liquidating failed banks
Conference Paper
Some evidence on the uniqueness of bank loans
Journal Article
Acquisitions in banking
Journal Article
Are bank loans special?
Journal Article
Off-balance sheet banking
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.