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Loan sales: Pacific Rim trade in nontradable assets

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  • Joseph G. Haubrich
  • James B. Thomson

Abstract

An examination of the role of foreign banks in the loan sales market, finding that the motives for loan sales and purchases differ between U.S. and foreign-owned banks and between foreign banks of different regions, which is consistent with foreign banks' using the market for diversification.

Suggested Citation

  • Joseph G. Haubrich & James B. Thomson, 1994. "Loan sales: Pacific Rim trade in nontradable assets," Working Papers (Old Series) 9414, Federal Reserve Bank of Cleveland.
    • Handle: RePEc:fip:fedcwp:9414
    as

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    References listed on IDEAS

    as
    1. Kenneth Spong, 2000. "Banking regulation : its purposes, implementation, and effects," Monograph, Federal Reserve Bank of Kansas City, number 2000bria.
    2. Haubrich, Joseph G & Thomson, James B, 1996. "Loan Sales, Implicit Contracts, and Bank Structure," Review of Quantitative Finance and Accounting, Springer, vol. 7(2), pages 137-162, September.
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    9. Carlstrom, Charles T. & Samolyk, Katherine A., 1995. "Loan sales as a response to market-based capital constraints," Journal of Banking & Finance, Elsevier, vol. 19(3-4), pages 627-646, June.
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