We examine the effects of the government guarantee schemes for bank bonds adopted in the aftermath of the Lehman … reflect the characteristics of the guarantor (credit risk, size of rescue measures, timeliness of repayments) and not those of … the issuing bank or of the bond itself. …

undesired effects and distortions. Finally, we briefly review the recent evolution of bank lending to the private sector. We …

banks are faced with the upcoming Basel III reform. Economic trends continue to exert pressure on the traditional bank … increasing credit risk in the balance sheets might pose a problem in the future; on the other hand, a more efficient allocation …

affected by the reform, due to a business model more focused on credit intermediation. Importantly, the estimates cannot be …

This paper analyzes the relationship between the terms on bank loans and local crime rates, employing a sample of over … 300,000 bank-firm relationships. Controlling for firm, market and bank characteristics the results show that where the … more to revolving credit lines than borrowers in low-crime areas. The evidence also suggests that access to credit is …