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Federal Reserve Bank of Philadelphia
Economic Insights
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, "Banking Trends: Measuring Cov-Lite Right" , Federal Reserve Bank of Philadelphia, Economic Insights, volume 3, issue 3, pages 1-8, Q3 2018.
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Keywords: banks; banking; business loans
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