firm needs bank / important incentive device / transaction-oriented banking / bank securitizes / bank / bank trades / interior solutions / bank values / asset-liability management / bank sheds / relationship banking / liquid bank assets / bank loans / active credit risk management / bank monitors / /
Organization
Haas School / Federal Reserve Bank of New York / Western Finance Association / UC Berkeley / Yale / London School of Economics / London Business School / Federal Reserve Bank / Center for Financial Studies Credit Risk Conference / Stanford / /
Person
Denis Gromb / GUILLAUME PLANTIN / Rob Stambaugh / Rupert Cox / Martin Ruckes / Doug Diamond / /
Position
loan officer / driver / editor / See The Economist / Model In an economy / /
THE JOURNAL OF FINANCE • VOL. LXIII, NO. 3 • JUNE[removed]Loan Sales and Relationship Banking CHRISTINE A. PARLOUR and GUILLAUME PLANTIN∗ ABSTRACT Firms raise money from banks and the bond market. Banks sell loans in