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

With the Euro Area context in mind, we show that currency arrangements impact on credit available through default … incentives. To this end we build a symmetric two-country model with money and imperfect credit market integration. Differences in … credit market integration are captured by variations in the cost for banks to grant credit for cross-border purchases. We …

credit market integration across jurisdictions impact the desirability of a currency union. We show that when those … impediments induce a higher cost for banks to manage cross-border credit compared to domestic credit, welfare may not be maximal …

monetary policy does alter bank loan supply, with the effects most dependent on the liquidity of individual banks. Unlike in … the US, the size of a bank does generally not explain its lending reaction. We also show that the standard publicly …

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

The spectacular failure of the 150-year old investment bank Lehman Brothers on September 15th, 2008 was a major turning … point in the global financial crisis that broke out in the summer 2007. Through the use of stock market data and Credit … limited to the largest financial firms; (ii) the most affected institutions were the surviving “non-bank” financial services …