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Federal Reserve Bank of Philadelphia
Banking Trends
Measuring Cov-Lite Right
Edison Yu

More business loans today lack traditional covenants governing borrowers. Does that leave banks with fewer tools to ward off default?

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Edison Yu, "Measuring Cov-Lite Right" , Federal Reserve Bank of Philadelphia, Banking Trends, issue 3, pages 1-8, 2018.
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Keywords: banks; banking; business loans
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