We challenge theories that lead arrangers retain shares of syndicated loans to overcome
information asymmetries. Lead arrangers frequently sell their entire loan stake—in over 50 …

We introduce a new software package for determining linkages between datasets without
common identifiers. We apply this to three datasets commonly used in academic research …

We show how private equity (PE) buyouts fuel loan sales and non-bank participation in the
US syndicated loan market. Combining loan-level data from the Shared National Credit …

This paper empirically examines the impact of global shocks on monetary policy
transmission in 24 emerging market economies (EMEs), using panel local projections over …

The large increase in leveraged term loan originations in the syndicated lending market
recently has called into question whether banks are sufficiently prepared for a significant …

How much of a loan should a lender dynamically retain and how does retention affect loan
performance? We address these questions in a dynamic agency model in which a lender …

We describe the macroprudential and monetary policy environment in the UK. We highlight
the UK's position as an international financial centre, and the implications for inward and …

We explore how expansionary monetary policy (EMP) influences bank loan loss
provisioning. We find that banks' discretionary loan loss provisions (DLLPs) increase during …

The lead arrangers of syndicated loans often have lending relationships with the borrowers,
while other lenders participating in the syndicate largely engage in an arm's length …

How much of a loan should a lender retain, and how do loan sales affect loan performance?
We address these questions in a model in which a lender originates loans that it can sell to …