We study specialized lending in a credit market competition model with private information. Two banks, equipped with … similar data processing systems, possess "general" signals regarding the borrower's quality. However, the specialized bank …

Prompted by the recent US experience, in this chapter, we study the interaction between cycles in credit markets and …–bust in house prices can generate a boom–bust in credit market and, on the other hand, a boom–bust in credit markets can … housing prices and credit markets and explore these two channels in a mechanical way. Next, we present two simple models that …

this method they provide a community description of the Japanese bank-firm credit network, getting evidence of a …In this paper the authors focus on credit connections as a potential source of systemic risk. In particular, they seek … to answer the following question: how do we find densely connected subsets of nodes within a credit network? The question …

The impact of U.S. bank loan announcements on the stock prices of the corporate borrowers has been decreasing during … jump back up to around 200 basis points. We surmise that in a booming credit market the certification of corporate …