Bank Funding, Securitization and Loan Terms: Evidence from Foreign Currency Lending

Item Type Monograph (Working Paper)
Abstract

We examine how bank funding and securitization activity affect the currency denomination of business loans. We analyze a unique dataset that for more than hundred thousand loans granted by one Bulgarian bank to over sixty thousand different firms in the period 2003-2007 includes information on the requested and granted currency of the loans. Our findings confirm the conjecture that foreign currency borrowing in Eastern Europe is at least partially driven by banks hesitant to lend long-term in local currency and eager to match the current currency structure of their assets and liabilities as well as of their securitization activities.

Authors Brown, Martin; Kirschenmann, Karolin & Ongena, Steven
Language English
Keywords foreign currency debt, banking
Subjects business studies
HSG Classification contribution to scientific community
Refereed No
Date 2011
Depositing User Prof. Dr. Martin Brown
Date Deposited 30 Jan 2012 10:03
Last Modified 04 Apr 2020 00:22
URI: https://www.alexandria.unisg.ch/publications/209301

Download

[img]
Preview
Text
Bank-Funding_Securitization_and LoanTerms.pdf

Download (512kB) | Preview

Citation

Brown, Martin; Kirschenmann, Karolin & Ongena, Steven: Bank Funding, Securitization and Loan Terms: Evidence from Foreign Currency Lending. , 2011,

Statistics

https://www.alexandria.unisg.ch/id/eprint/209301
Edit item Edit item
Feedback?