LAUSR

The Impact of Central Clearing on Banks' Lending Discipline

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1 Published in 2017 at "Journal of Financial Markets"

DOI: 10.1016/j.finmar.2017.06.001

Abstract: In this paper, I investigate the impact of central clearing in credit risk transfer markets on a loan-originating bank's lending behavior. Under the current market regulation, central clearing undermines banks’ lending discipline. The regulatory design… read more here.

Keywords: risk; impact central; clearing banks; banks lending ... See more keywords