Please use this identifier to cite or link to this item: http://bura.brunel.ac.uk/handle/2438/27711
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dc.contributor.authorOngena, S-
dc.contributor.authorKara, A-
dc.contributor.authorMarques-Ibanez, D-
dc.date.accessioned2023-11-23T10:29:48Z-
dc.date.available2023-11-23T10:29:48Z-
dc.date.issued2011-07-04-
dc.identifierORCID iD: Alper Kara https://orcid.org/0000-0002-8560-0501-
dc.identifier1362-
dc.identifier.citationOngena, S., Kara, A. and Marques-Ibanez, S. (2011) 'Securitization and lending standards: Evidence from the wholesale loan market', European Central Bank (ECB), Working Paper Series, no. 1362, pp. 1 - 38. Available at: https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1362.pdf?2613a58efe86e4966b0869f116d58dd3 .en_US
dc.identifier.urihttps://bura.brunel.ac.uk/handle/2438/27711-
dc.descriptionNote: This Working Paper should not be reported as representing the views of the European Central Bank (ECB). The views expressed are those of the authors and do not necessarily reflect those of the ECB.en_US
dc.descriptionThis paper can be downloaded without charge from https://www.ecb.europa.eu or from the Social Science Research Network electronic library at https://ssrn.com/abstract_id=1787595.-
dc.descriptionJEL Code: G21; G28.-
dc.description.abstractWe investigate the effect of securitization activity on banks’ lending standards using evidence from pricing behavior on the syndicated loan market. We find that banks more active at originating asset-backed securities are also more aggressive on their loan pricing practices. This suggests that securitization activity lead to laxer credit standards. Macroeconomic factors also play a large role explaining the impact of securitization activity on bank lending standards: banks more active in the securitization markets loosened more aggressively their lending standards in the run up to the recent financial crisis but also tightened more strongly during the crisis period. As a continuum of this paper we are examining whether individual loans that are eventually securitized are priced more aggressively by using unique European data on individual loans from all major trustees.en_US
dc.format.extent1 - 38-
dc.format.mediumElectronic-
dc.language.isoenen_US
dc.publisherEuropean Central Bank (ECB)en_US
dc.relation.ispartofseriesEuropean Central Bank (ECB), Working Paper Series;no. 1362-
dc.relation.urihttps://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1362.pdf?2613a58efe86e4966b0869f116d58dd3-
dc.rightsCopyright © European Central Bank, 2011. All rights reserved. Any reproduction, publication and reprint in the form of a different publication, whether printed or produced electronically, in whole or in part, is permitted only with the explicit written authorisation of the ECB or the authors. See: https://www.ecb.europa.eu/services/using-our-site/disclaimer/html/index.en.html.-
dc.rights.urihttps://www.ecb.europa.eu/services/using-our-site/disclaimer/html/index.en.html-
dc.subjectsecuritizationen_US
dc.subjectbank risk takingen_US
dc.subjectsyndicated loansen_US
dc.subjectfinancial crisisen_US
dc.titleSecuritization and lending standards: Evidence from the wholesale loan marketen_US
dc.typeWorking Paperen_US
pubs.publication-statusPublished-
dc.identifier.eissn1725-2806-
dc.rights.holderEuropean Central Bank-
Appears in Collections:Dept of Economics and Finance Research Papers

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