Bank reputation and securitization quality: European evidence

被引：3

作者：

Deku, Solomon Y. ^{[1
]}

Kara, Alper ^{[2
]}

Marques-Ibanez, David ^{[3
]}

机构：

[1] Nottingham Trent Univ, Nottingham Business Sch, Nottingham, England

[2] Univ Huddersfield, Huddersfield Business Sch, Huddersfield, W Yorkshire, England

[3] European Cent Bank, Financial Res Div, Frankfurt, Germany

来源：

FINANCE RESEARCH LETTERS | 2022年 / 46卷

关键词：

Securitization; MBS; Issuer reputation; LOAN PERFORMANCE; INFORMATION; DISTANCE;

D O I：

10.1016/j.frl.2021.102427

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We examine the link between issuer bank reputation and the performance of mortgage-backed securities (MBS) in the European market. We find that MBS sold by reputable issuer banks are collateralised by higher quality asset pools with lower delinquency rates and are less likely to be downgraded. However, during boom periods - characterized by declining credit standards, MBS originated by reputable issuer banks tend to be collateralised by lower quality assets, compared to normal periods.

引用

页数：7

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