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Contribution Details
| Type | Journal Article |
| Scope | Discipline-based scholarship |
| Title | Bank funding, securitization, and loan terms: evidence from foreign currency lending |
| Organization Unit | |
| Authors |
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| Item Subtype | Original Work |
| Refereed | Yes |
| Status | Published in final form |
| Language |
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| Journal Title | Journal of Money, Credit and Banking |
| Publisher | Wiley-Blackwell Publishing, Inc. |
| Geographical Reach | international |
| ISSN | 0022-2879 |
| Volume | 46 |
| Number | 7 |
| Page Range | 1501 - 1534 |
| Date | 2014 |
| Abstract Text | We examine how bank funding structure and securitization activities affect the currency denomination of business loans. We analyze a unique data set that includes information on the requested and granted loan currency for 99,490 loans granted to 57,464 firms by a Bulgarian bank. Our findings document that foreign currency lending is at least partially driven by bank eagerness to match the currency structure of assets with that of liabilities. Our results also show that loan currency, as well as loan amount and maturity, are adjusted to make loans eligible for securitization. |
| Digital Object Identifier | 10.1111/jmcb.12147 |
| Other Identification Number | merlin-id:12112 |
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| Keywords | G21, G32, F34, foreign currency debt, bank funding, securitization |
| Additional Information | This is the peer reviewed version of the following article: BROWN, M., KIRSCHENMANN, K. and ONGENA, S. (2014), Bank Funding, Securitization, and Loan Terms: Evidence from Foreign Currency Lending. Journal of Money, Credit and Banking, 46: 1501–1534. doi: 10.1111/jmcb.12147, which has been published in final form at http://doi.org/10.1111/jmcb.12147. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving (http://olabout.wiley.com/WileyCDA/Section/id-820227.html#terms). |