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The market for certification by external parties: Evidence from underwriting and banking relationships

✍ Scribed by Tiago Duarte-Silva


Book ID
113711266
Publisher
Elsevier Science
Year
2010
Tongue
English
Weight
356 KB
Volume
98
Category
Article
ISSN
0304-405X

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## Abstract This study analyzes bank margins in the German secondary market for exchange‐traded structured financial products, with particular emphasis on the influence of banks' credit risk. A structural model allowing for the incorporation of correlation effects between market and credit risk is