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010   $a9781475554007
010   $a1475554001
010   $a9781475554052
010   $a1475554052
035   $a(CKB)3710000000973903
035   $a(MiAaPQ)EBC4771894
035   $a(IMF)WPIEA2016221
035   $aWPIEA2016221
035   $a(EXLCZ)993710000000973903
100   $a20020129d2016      uf         0
101 0 $aeng
135   $aurcnu||||||||
181   $2rdacontent
182   $2rdamedia
183   $2rdacarrier
200 10$aSecuritization and Credit Quality /$fDavid Marques-Ibanez
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2016.
215   $a1 online resource (42 pages) $cillustrations
225 1 $aIMF Working Papers
311 08$a9781475553765 
311 08$a1475553765 
320   $aIncludes bibliographical references.
330 3 $aBanks are usually better informed on the loans they originate than other financial intermediaries.  As a result, securitized loans might be of lower credit quality than otherwise similar nonsecuritized  loans. We assess the effect of securitization activity on loans? relative credit quality  employing a uniquely detailed dataset from the euro-denominated syndicated loan market. We  find that, at issuance, banks do not seem to select and securitize loans of lower credit quality.  Following securitization, however, the credit quality of borrowers whose loans are securitized  deteriorates by more than those in the control group. We find tentative evidence suggesting that  poorer performance by securitized loans might be linked to banks? reduced monitoring  incentives.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2016/221
606   $aAsset-backed financing
606   $aSyndicated loans
606   $aCredit ratings
606   $aBanks and Banking$2imf
606   $aFinancial Risk Management$2imf
606   $aInvestments: General$2imf
606   $aMoney and Monetary Policy$2imf
606   $aIndustries: Financial Services$2imf
606   $aExports and Imports$2imf
606   $aBanks$2imf
606   $aDepository Institutions$2imf
606   $aMicro Finance Institutions$2imf
606   $aMortgages$2imf
606   $aFinancial Institutions and Services: Government Policy and Regulation$2imf
606   $aMonetary Policy, Central Banking, and the Supply of Money and Credit: General$2imf
606   $aFinancial Crises$2imf
606   $aInternational Lending and Debt Problems$2imf
606   $aFinance$2imf
606   $aInvestment & securities$2imf
606   $aMonetary economics$2imf
606   $aBanking$2imf
606   $aEconomic & financial crises & disasters$2imf
606   $aInternational economics$2imf
606   $aLoans$2imf
606   $aSecuritization$2imf
606   $aCredit$2imf
606   $aFinancial crises$2imf
606   $aFinancial institutions$2imf
606   $aFinancial services$2imf
606   $aMoney$2imf
606   $aDebt default$2imf
606   $aExternal debt$2imf
606   $aAsset-backed financing$2imf
606   $aBanks and banking$2imf
606   $aDebts, External$2imf
607   $aUnited States$2imf
615  0$aAsset-backed financing.
615  0$aSyndicated loans.
615  0$aCredit ratings.
615  7$aBanks and Banking
615  7$aFinancial Risk Management
615  7$aInvestments: General
615  7$aMoney and Monetary Policy
615  7$aIndustries: Financial Services
615  7$aExports and Imports
615  7$aBanks
615  7$aDepository Institutions
615  7$aMicro Finance Institutions
615  7$aMortgages
615  7$aFinancial Institutions and Services: Government Policy and Regulation
615  7$aMonetary Policy, Central Banking, and the Supply of Money and Credit: General
615  7$aFinancial Crises
615  7$aInternational Lending and Debt Problems
615  7$aFinance
615  7$aInvestment & securities
615  7$aMonetary economics
615  7$aBanking
615  7$aEconomic & financial crises & disasters
615  7$aInternational economics
615  7$aLoans
615  7$aSecuritization
615  7$aCredit
615  7$aFinancial crises
615  7$aFinancial institutions
615  7$aFinancial services
615  7$aMoney
615  7$aDebt default
615  7$aExternal debt
615  7$aAsset-backed financing
615  7$aBanks and banking
615  7$aDebts, External
700   $aMarques-Ibanez$b David$01378322
801  0$bDcWaIMF
906   $aBOOK
912   $a9910155202203321
996   $aSecuritization and credit quality$93416618
997   $aUNINA