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Loan Sales And Bank Liquidity Management

Author

Listed:
  • ANDREW H. CHEN

    (Edwin L. Cox School of Business, Southern Methodist University Dallas, TX 75275, U.S.A.)

  • SUMON C. MAZUMDAR

    (Law and Economics Consulting Group, Emeryville, CA 94608, U.S.A.)

Abstract

Bank loan sales activities in the U.S. increased dramatically in the 1980s. We develop a dynamic control model that integrates existing rationales for loan sales. Our model explains several recently documented empirical facts concerning both bank loan sales and purchases in a consistent fashion and yields additional testable hypotheses.

Suggested Citation

  • Andrew H. Chen & Sumon C. Mazumdar, 1999. "Loan Sales And Bank Liquidity Management," International Journal of Theoretical and Applied Finance (IJTAF), World Scientific Publishing Co. Pte. Ltd., vol. 2(02), pages 113-129.
    • Handle: RePEc:wsi:ijtafx:v:02:y:1999:i:02:n:s0219024999000091
    DOI: 10.1142/S0219024999000091
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    Citations

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    Cited by:

    1. Pokutta, Sebastian & Schmaltz, Christian, 2011. "Managing liquidity: Optimal degree of centralization," Journal of Banking & Finance, Elsevier, vol. 35(3), pages 627-638, March.
    2. Andrew H Chen & Kenneth J Robinson & Thomas F Siems, 2004. "The wealth effects from a subordinated debt policy: evidence from passage of the Gramm–Leach–Bliley Act," Review of Financial Economics, John Wiley & Sons, vol. 13(1-2), pages 103-119.

    More about this item

    Keywords

    Liquidity; Loan sales; Inventory control; JEL classification G21; JEL classification G31; JEL classification G32;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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