منابع مشابه
Bank Lending and Credit Supply Shocks
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We study the difference between loan sales and credit default swaps. A bank lends money to an entrepreneur to undertake a positive NPV project. After the loan has been made, the bank finds out if the project benefits from monitoring and if it should sell the loan to release regulatory capital. A bank can lay off credit risk by either selling the loan or by buying credit insurance through a cred...
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ژورنال
عنوان ژورنال: Journal of Money, Credit, and Banking
سال: 2002
ISSN: 1538-4616
DOI: 10.1353/mcb.2002.0032