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Senior Economist, Financial Research Division, European Central Bank
Toni Ahnert
Research Associates
Senior Economist, Financial Research Division, European Central Bank
Senior Economist, Financial Research Division, European Central Bank
We examine loan insurance when lenders can screen at origination, learn loan quality over time, and can sell loans in secondary markets. Loan...
We model asset encumbrance by banks subject to rollover risk and study the consequences for fragility, funding costs, and prudential regulation. A...