Federal ID: 91-6001537
ISSN: 0022-1090 (Print) | 1756-6916 (Online)
The Valuation of Collateral in Bank Lending
Stephan Luck and João A. C. Santos ♦ We study the valuation of collateral by comparing spreads on loans by the same bank, to the same borrower, at the same origination date, but backed by different types of collateral. Pledging…