Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/27882
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dc.contributor.authorBannier, Christina E.en_US
dc.contributor.authorHänsel, Dennis N.en_US
dc.date.accessioned2009-03-24en_US
dc.date.accessioned2009-09-10T14:00:43Z-
dc.date.available2009-09-10T14:00:43Z-
dc.date.issued2007en_US
dc.identifier.piurn:nbn:de:101:1-20080827350-
dc.identifier.urihttp://hdl.handle.net/10419/27882-
dc.description.abstractThis paper provides new insights into the use of loan securitization. We analyze collateralized loan obligation (CLO) transactions by European banks from 1997 to 2004 and try to identify the influence that various firm-specific and macroeconomic factors may have on an institution's securitization decision. Our results suggest that loan securitization is an appropriate funding tool for banks with high risk and low liquidity. It may also have been used by commercial banks to indirectly access investment-bank activities and the associated gains. Regulatory capital arbitrage under Basel I does not seem to have driven the market.en_US
dc.language.isoengde
dc.publisher|aFrankfurt School of Finance & Management|cFrankfurt a. M.de
dc.relation.ispartofseries|aWorking paper series // Frankfurt School of Finance & Management|x85de
dc.subject.jelG21en_US
dc.subject.ddc330en_US
dc.subject.keywordSecuritizationen_US
dc.subject.keywordcredit risk transferen_US
dc.subject.keywordcollateralized loan obligationsen_US
dc.titleDeterminants of banks' engagement in loan securitizationen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn594629586en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:fsfmwp:85-

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