Choice of rating technology and loan pricing in imperfect credit markets

Accurate rating systems are of central importance for banks to price and manage their loan portfolios. A bank's choice to invest in a more accurate rating technology is based on a trade-off: the better rating system usually comes at higher cost, but endows the bank with a competitive advantage,...

Full description

Bibliographic details

Volume:	17
Main Author:	De Silva, Hannelore Dockner, Engelbert J Jankowitsch, Rainer Pichler, Stefan Ritzberger, Klaus
Format:	Journal Article
Language:	English
Place of publication:	LONDON INCISIVE MEDIA 01.01.2014 Incisive Media Limited
published in:	The journal of risk Vol. 17; no. 1; pp. 29 - 62
Data of publication:	2014-01-01
ISSN:	1465-1211 1755-2842
EISSN:	1755-2842
Discipline:	Business
Subjects:	Business & Economics Business, Finance Social Sciences Studies Bank ratings Banking industry Banks Competitive advantage Bank portfolios Oligopoly United States--US CAPITAL REQUIREMENTS BANKING MORAL HAZARD COMPETITION
Online Access:	available in Bonn?
Database:	Social Sciences Citation Index Web of Science - Social Sciences Citation Index - 2014 Web of Knowledge Web of Science CrossRef ProQuest Central China Banking Information Database Healthcare Administration Database (Alumni) ABI/INFORM Collection China ProQuest Business Collection (Alumni Edition) ProQuest One Business (Alumni) Research Library (Alumni Edition) ProQuest One Academic Eastern Edition ProQuest Central (Corporate) ProQuest Central Basic ABI/INFORM Global (Corporate) ProQuest Business Collection Research Library China ProQuest Central (Alumni Edition) ABI/INFORM Collection Health Research Premium Collection ABI/INFORM Global (PDF only) ProQuest One Academic Accounting, Tax & Banking Collection ProQuest One Academic UKI Edition ProQuest One Business Research Library (Corporate) ABI/INFORM Global ProQuest Central (purchase pre-March 2016) ProQuest Central Student Accounting, Tax & Banking Collection (Alumni) UK & Ireland Database Business Premium Collection Research Library Prep ProQuest Central Essentials Research Library Health Research Premium Collection (Alumni) ProQuest Central Healthcare Administration Database ProQuest Central Korea Banking Information Database (Alumni Edition) ABI/INFORM Global (Alumni Edition) Hospital Premium Collection Hospital Premium Collection (Alumni Edition) ProQuest Central (Alumni) (purchase pre-March 2016) Business Premium Collection (Alumni) ABI/INFORM Collection (Alumni Edition) Database information Databases - DBIS