Banks' Loan Screening Incentives with Credit Risk Transfer: An Alternative to Risk Retention [PDF]
This article analyzes the impact of credit risk transfer on banks’ screening incentives on the primary loan market. While credit derivatives allow banks to transfer risk to investors, they negatively aect the incentive to screen due to the asymmetry of information between banks and investors.
openaire +1 more source
Housing as Asset‐Based Welfare in Australia: An Investigation Through a Consumption Lens
ABSTRACT Housing asset‐based welfare has long been a key component of Australia's social policy. This resonates with a parallel literature identifying a trade‐off between homeownership and the size of nations' welfare states, wherein owner‐occupiers in smaller welfare states tend to come to rely on housing wealth to meet many of their welfare needs ...
Gavin A. Wood +3 more
wiley +1 more source
The comovement of credit default swap, bond and stock markets : an empirical analysis [PDF]
This Paper analyses the empirical relationship between credit default swap, bond and stock markets during the period 2000-02. Focusing on the intertemporal comovement, we examine weekly and daily lead-lag relationships in a vector autoregressive model ...
Weber, Martin, Norden, Lars
core
Quantifying the Sites of Government, Commercial, and Personal Systems‐Perpetrated Financial Abuse
ABSTRACT This study explores the institutional systems through which post‐separation financial abuse is perpetrated. While existing measures seek to quantify the harms experienced by women post‐separation, this study draws on financial, welfare and legal service casefiles to identify where such harms occur. Drawing on 76 de‐identified Victorian service
Kay Cook +3 more
wiley +1 more source
Credit derivatives: instruments of hedging and factors of instability. The example of “Credit Default Swaps” on French reference entities. [PDF]
Through a long-period analysis of the inter-temporal relations between the French markets for credit default swaps (CDS), shares and bonds between 2001 and 2008, this article shows how a financial innovation like CDS could heighten financial instability.
Nathalie Rey
core
This study systematically reviews 103 empirical papers on credit default swaps (CDS), published through March 2025, to analyze their effectiveness as hedging instruments and their wider role in financial markets.
Tabassum +4 more
doaj +1 more source
Innovations in liquidity management of credit institutions [PDF]
The aim of the article. Article purpose is search and justification of new approaches to management of credit organization liquidity, and stable sources of attraction of available funds allocated for formation and reliable clients borrowers, and also ...
L.E.Galjaeva
doaj
ABSTRACT Healthcare derived polystyrene waste represents a growing and under addressed fraction of plastic waste streams due to contamination risks and limited recyclability. This study aims to investigate the valorization of waste polystyrene foam through catalytic and noncatalytic pyrolysis pathways to evaluate product yield distribution and identify
Salman Khan +4 more
wiley +1 more source
The pricing of correlated default risk: evidence from the credit derivatives market [PDF]
In order to analyze the pricing of portfolio credit risk – as revealed by tranche spreads of a popular credit default swap (CDS) index – we extract risk-neutral probabilities of default (PDs) and physical asset return correlations from single-name CDS ...
Zhu, Haibin, Tarashev, Nikola A.
core
Transaction Costs, Standardization and Modularity in Credit Risk Transfer Market [PDF]
The advent of a credit risk market has profoundly altered the role of banking firms into one of asset originator and asset distributor rather than the asset holder. Banks have traditionally originated and held credit risk.
SCANNELLA, Enzo
core

