This paper presents a theoretical model of how banks set their credit standards. It examines how a monopoly bank sets … its monitoring intensity in order to manage credit risk when it makes long duration loans to borrowers who have private … constraint that it must have as many deposits as loans. The model is then used to consider whether the reduction in credit …

funding. Furthermore, it investigates whether the relationship between net interoffice accounts and domestic policy …-steered rates depends on cross-sectional differences in the funding structure of global banks. Estimation results suggest that …

unfunded market participants that divert funding resources away from its best uses in the financial sector. As a consequence …

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 …

This study attempts to distinguish, in the impact on credit in France, between the effects of stock market shocks … positive credit gap but it was not entirely offset in 2004. …

Due to the unobservability of the new credit production, most of the empirical loan market studies use, instead, the … observable credit stock. This substitution has been pointed out to be likely to generate biases (e.g. see Lown and Peristiani …

This paper shows that, with pre-set price and capital decisions of firms facing uncertainty and credit rationing, price …