Securitisation, loan growth and bank funding: the Swiss experience since 1932
21 décembre 2016
Résumé
This paper empirically analyses securitisation in Switzerland from a macroeconomic and bank balance sheet perspective based on a novel and near-comprehensive data set on a specific form of securitisation over the sample period from 1932 to 2014. The Swiss Pfandbrief is a distinct covered bond with a similar institutional framework as the U.S. Federal Home Loan Bank System.
- Issue:
- 18
- Pages:
- 42
- JEL classification:
- E43, E44, E51, G12, G21, G23, N24
- Keywords:
- Securitisation, covered bonds, mortgage loans, bank balance sheet management, business cycles, financial cycle, financial stability
- Year:
- 2016
