Multiple lending has been widely investigated from both an empirical and a theoretical perspective. Nevertheless, the … implications of multiple lending for the stability of the banking system still need to be understood. By lending to a common set of … too costly, multiple lending might be responsible for a large liquidity shortage. …

Multiple lending has been widely investigated from both an empirical and a theoretical perspective. Nevertheless, the … implications of multiple lending for the stability of the banking system still need to be understood. By lending to a common set of … too costly, multiple lending might be responsible for a large liquidity shortage. …

results show that borrowers prefer multiple lending when they are credit rationed and unable to stabilize their lending source …

asymmetry of informations is high. Multiple lending is therefore strategically chosen by dishonest borrowers. Instead, when … lender. In this case, multiple lending is related to borrowers' financial constraints. Finally, when information upon …

show that borrowers prefer multiple lending when they are credit rationed and unable to stabilize their lending source …

borrowers prefer multiple lending when they are credit rationed and unable to stabilize their lending source, whatever their …