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Please use this identifier to cite or link to this item: http://hdl.handle.net/2192/91

 
Title: The Role of Guarantees in Bank Lending.
Authors: Pozzolo, Alberto Franco
Keywords: Bank loans
collateral
guarantee
Issue Date: 13-Sep-2004
Abstract: Guarantees play an important role in debt contracts. They alter the risk for the lender, transform borrowers' incentives and, possibly, modify the equilibrium allocation of financial resources. This paper studies the role of guarantees on bank loans, using a sample of over 50,000 individual lines of credit granted by Italian banks. Two empirical models are used. The first directly verifies the relationship between ex-ante publicly available information on borrowers' default riskiness and t
...more
URI: http://hdl.handle.net/2192/91
Appears in Collections:4 - REPEC
Econpapers

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