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Bank of Canada RSS Feedsen2024-03-28T21:12:46+00:00Loan Insurance, Market Liquidity, and Lending Standards
https://www.bankofcanada.ca/2019/12/staff-working-paper-2019-47/
We examine loan insurance—credit risk transfer upon origination—in a model in which lenders can screen, learn loan quality over time, and can sell loans. Some lenders with low screening ability insure, benefiting from higher market liquidity of insured loans while forgoing the option to exploit future information about loan quality.2019-12-09T13:55:35+00:00enLoan Insurance, Market Liquidity, and Lending Standards2019-12-09Financial institutionsFinancial marketsFinancial system regulation and policiesStaff Working Paper 2019-47https://www.bankofcanada.ca/wp-content/uploads/2019/12/swp2019-47.pdfLoan Insurance, Market Liquidity, and Lending StandardsToni AhnertMartin KunclDecember 2019GG0G01G2G21G28