Loan Sales: Pacific Rim Trade in Nontradable Assets
نویسندگان
چکیده
Foreign banks play a large role in the loan sales market. We examine this role using individual bank data on foreign-owned banks in the United States. We find that the motives for loan sales and purchases differ between U.S. and foreign-owned banks and between foreign banks of different regions. The evidence is consistent with foreign banks' using the market for diversification. clevelandfed.org/research/workpaper/index.cfm
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