Why do (or did?) banks securitize their loans? Evidence from Italy

被引：87

作者：

Affinito, Massimiliano ^{[1
]}

Tagliaferri, Edoardo ^{[1
]}

机构：

[1] Bank Italy, I-00184 Rome, Italy

来源：

JOURNAL OF FINANCIAL STABILITY | 2010年 / 6卷 / 04期

关键词：

Originate-to-distribute (O&D); Loan; Securitization; CAPITAL REQUIREMENTS; RISK-MANAGEMENT; CREDIT DERIVATIVES; SALES; BEHAVIOR; INVESTMENT; IMPACT; POLICY; ACCORD; MODEL;

D O I：

10.1016/j.jfs.2010.01.004

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper investigates the exante determinants of bank loan securitization by using different econometric methods on Italian individual bank data from 2000 to 2006. Our results show that bank loan securitization is a composite decision. Banks that are less capitalized, less profitable, less liquid and burdened with troubled loans are more likely to perform securitization, for a larger amount and earlier. (C) 2010 Elsevier B.V. All rights reserved.

引用

页码：189 / 202

页数：14

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