Better Be Careful: The Replenishment of ABS Backed by SME Loans
نویسندگان
چکیده
We investigate the replenishment of 102 asset-backed securities (ABS) backed by more than 1.7 million small- and medium-sized enterprise loans. Based on our extensive data set from 2012 to 2017 obtained first only central loan-level repository for ABS in Europe, we reveal that loans added securitized loan portfolios after transactions' closing perform worse are part initial portfolio. On average, find demonstrate a 0.42 percentage points higher probability default. additionally provide evidence originators induce these performance differences since they exploit their information advantage deliberately adding low-quality portfolios. This adverse behavior is mitigated originators' reputation efforts, increasing transparency market, as example per European Central Bank's initiative, most effectively interaction.
منابع مشابه
Correcting hypotension: be careful!
To cite: Foran E, Abkur TM. BMJ Case Rep Published online: [please include Day Month Year] doi:10.1136/ bcr-2015-212904 DESCRIPTION A 42-year-old woman presented with a 2-day history of vomiting. She was drowsy, dehydrated, tachycardic and hypotensive with a blood pressure (BP) of 52/37. The immediate management included infusion of 4 L of normal saline and inotropic support. Investigations sho...
متن کاملcontrol of the optical properties of nanoparticles by laser fields
در این پایان نامه، درهمتنیدگی بین یک سیستم نقطه کوانتومی دوگانه(مولکول نقطه کوانتومی) و میدان مورد مطالعه قرار گرفته است. از آنتروپی ون نیومن به عنوان ابزاری برای بررسی درهمتنیدگی بین اتم و میدان استفاده شده و تاثیر پارامترهای مختلف، نظیر تونل زنی(که توسط تغییر ولتاژ ایجاد می شود)، شدت میدان و نسبت دو گسیل خودبخودی بر رفتار درجه درهمتنیدگی سیستم بررسی شده اشت.با تغییر هر یک از این پارامترها، در...
15 صفحه اولstudy of cohesive devices in the textbook of english for the students of apsychology by rastegarpour
this study investigates the cohesive devices used in the textbook of english for the students of psychology. the research questions and hypotheses in the present study are based on what frequency and distribution of grammatical and lexical cohesive devices are. then, to answer the questions all grammatical and lexical cohesive devices in reading comprehension passages from 6 units of 21units th...
Let's be careful out there.
If we are to change the way these services are regulated, we first must know what the trade-offs are. Consumers need to know what they are giving up if they exchange the certainty of their regulated, monopoly provider for the harsh world of the competitive marketplace. Make no mistake, there is a vast difference in cultures between a monopoly, regulated utility run with the ratepayer uppermost ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Social Science Research Network
سال: 2021
ISSN: ['1556-5068']
DOI: https://doi.org/10.2139/ssrn.3929190