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Securitization and the bank lending channel

Author

Listed:
  • Yener Altunbas
  • Leonardo Gambacorta
  • David Marques
Abstract
The dramatic increase in securitisation activity has odified the functioning of credit markets by reducing the fundamental role of liquidity transformation performed by financial intermediaries. We claim that the changing role of banks from JEL Classification: E44, E5
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Yener Altunbas & Leonardo Gambacorta & David Marques, 2008. "Securitization and the bank lending channel," Proceedings 1101, Federal Reserve Bank of Chicago.
    • Handle: RePEc:fip:fedhpr:1101
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    More about this item

    Keywords

    Bank loans; Securities;

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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