Brown, Martin
[Verfasser:in]
;
Kirschenmann, Karolin
[Sonstige Person, Familie und Körperschaft];
Ongena, Steven
[Sonstige Person, Familie und Körperschaft]
Erschienen in:European Banking Center Discussion Paper ; No. 2009-21
Umfang:
1 Online-Ressource (55 p)
Sprache:
Englisch
DOI:
10.2139/ssrn.1483008
Identifikator:
Entstehung:
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 17, 2013 erstellt
Beschreibung:
We examine how bank funding structure and securitization activities affect the currency denomination of business loans. We analyze a unique dataset 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