We analyze the impact of loan securitization on competition in the loan market. Using a dynamic loan market competition … model where borrowers face both exogenous and endogenous costs to switch between banks, we uncover a competition softening …, securitization mitigates winner’s curse effects in future stages of competition thereby decreasing ex ante competition for initial …

bank credit for SMEs, the consequences of Basel II on credit risk analysis and SMEs' possible strategic replies were …

presence of foreign lenders raises competition, reduces domestic lenders profits and hence reduces domestic lenders capital … supply (competition effect). Two different cases are then possible. If foreign lenders are able, in spite of the collateral … competition on the capital market), then the economy benefits at the steady state both from a large capital supply and a low cost …

differentiation and imperfect competition in the banking sector. Macroeconomic shocks affect the return on capital and, together with …

The spectacular failure of the 150-year old investment bank Lehman Brothers on September 15th, 2008 was a major turning … limited to the largest financial firms; (ii) the most affected institutions were the surviving “non-bank” financial services …

heterogeneous patterns in the interest rates paid to borrow unsecured funds once bank size and other bank and market factors that …, but the economic size of the effect is small. Bank reputation and perceived credit riskiness are the most relevant factors … “punishment”, which possibly reflects market discipline. Bank reputation becomes even more important. (3) After Lehman …