（免费论文）Instruments of Credit Risk Transfe Effects on Financia Contracting and Fin

是 否 +2 论坛币

k人 参与回答

经管之家送您一份

应届毕业生专属福利!

求职就业群

赵安豆老师微信：zhaoandou666

经管之家联合CDA

送您一个全额奖学金名额~ !

立即领取

感谢您参与论坛问题回答

经管之家送您两个论坛币！

+2 论坛币

238936.pdf (289.93 KB)

2008-8-21 21:50:00 上传

（免费论文）Instruments of Credit Risk Transfe Effects on Financia Contracting and Financ

We review the limited available literature relating to markets for credit risk transfer. These markets
help to complete incomplete financial markets for credit risk by facilitating the isolation of credit risk
from other risks and extending the opportunities to manage credit risk. Yet, CRT markets give rise to
additional risk management problems, and they also create new asymmetric information problems.
Pricing for some CRT instruments also remains difficult. We identify the new problems created by
CRT markets in terms of their effects on relationships between borrowers and lenders and between
lenders and credit protection sellers. We also discuss how different forms of CRT instruments or
contracts mitigate the problems to differing degrees. Finally, we identify three channels through which
CRT markets may have financial stability implications: firms’ access to finance; monetary-policytransmission
mechanisms; and interactions between markets.

扫码加我 拉你入群

请注明：姓名-公司-职位

以便审核进群资格，未注明则拒绝

分享0 收藏1 回帖

关键词：credit risk CONTRACTING Instruments Instrument contract financial Credit Stability effects CONTRACTING