Bank Funding, Securitization and Loan Terms: Evidence from Foreign Currency Lending
Copyright policy )Bank Funding, Securitization and Loan Terms: Evidence from Foreign Currency Lending
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.
- Aalto University Finland
- KU Leuven Belgium
- Leibniz Association Germany
- University of Zurich Switzerland
- University of St. Gallen Switzerland
1402 Accounting, foreign currency debt, securitization, 330, banking, 10003 Department of Finance, 2002 Economics and Econometrics, bank funding, 330 Economics, 2003 Finance, G21, G32, F34, ta512
1402 Accounting, foreign currency debt, securitization, 330, banking, 10003 Department of Finance, 2002 Economics and Econometrics, bank funding, 330 Economics, 2003 Finance, G21, G32, F34, ta512
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