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Working Paper

Securitisation, loan growth and bank funding: the Swiss experience since 1932

December 21, 2016
Issue 2016-18

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Abstract

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

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Author(s)

  • Jonas Meuli

  • Dr. Thomas Nellen

  • Dr. Thomas Nitschka

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