Blar i Arbeidsnotater / Working Papers på emneord "collateral"
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Burying Libor
(Working Paper;13/2019, Working paper, 2019)We argue that the planned transition toward alternative benchmark rates gives reason to mourn Libor. Guided by a model in which banks and non-banks can lend to each other, subject to realistic regulatory constraints, we ... -
Collateral and Repeated Lending
(Working Papers;18/2012, Working paper, 2012)Lending is often associated with significant asymmetric information issues between suppliers of funds and their potential borrowers. Banks can screen their borrowers, or can require them to post collateral in order to ... -
Collateral Damaged? Priority Structure, Credit Supply, and Firm Performance
(Working Paper;9/2019, Working paper, 2019)A unique legal reform in 2004 in Sweden redistributed collateral rights from banks holding floating liens to unsecured creditors without changing the value of assets on firms’ balance sheets. Using a country-wide panel of ... -
Does Information Sharing Reduce the Role of Collateral as a Screening Device?
(Working Papers;19/2012, Working paper, 2012)Information sharing and collateral reduce adverse selection costs, but are costly for lenders. When a bank learns more about the types of its rival's borrowers through information sharing (e.g., credit bureaus), it might ...