Bolton, Patrick; Freixas, Xavier; Gambacorta, Leonardo; … - Bank for International Settlements (BIS) - 2013
relationship banks gather information on their borrowers, which allows them to provide loans for profitable firms during a crisis … firms in a crisis. Using detailed credit register information for Italian banks before and after the Lehman Brothers …' default, we are able to study how relationship and transaction-banks responded to the crisis and we test existing theories of …