We study the welfare implications of market power in a model where banks choose between credit rationing and monitoring … power induces banks to exert higher monitoring effort and reduces the frequency of credit rationing. Whenever the second …

supply and demand for credit. Average loan size and minimum loan size increased strongly, and access to credit worsened for … deepening; Britain’s disappointing growth during the period 1750-1850 may partly reflect the effects of harmful credit market …

What can history can tell us about the relationship between the banking system, financial crises, the global economy … ever before as measured by importance of credit in the economy. I term this long-run evolution “The Great Leveraging” and …

This paper studies German bank lending during the Asian and Russian crises, using a bank level data set from the … Deutsche Bundesbank. Our aim is to gain more insight into the pattern of German bank lending during financial crises in …

We examine the informational effects of M&As by investigating whether bank mergers improve banks’ ability to screen …

The paper addresses the following questions. Does bank lending comprise a relatively large amount of finance for … investment in Germany, and, if so, is this a consequence of bank representation on companies' supervisory boards (which, it is … what extent does bank representation on supervisory boards constrain managements in such a way that internal efficiency is …

lender to leave surplus to borrowers, which distorts the local lender’s credit decision in the sense that she inefficiently … technological innovations such as small business credit scoring that narrow the information advantage of local lenders vis …

-tech groups and direct information on each firm’s access to bank credit, high-tech firms are found to be more likely to be credit … likely to be due to pervasive credit constraints on innovative firms rather than to cash flow proxying for future … expectations. The paper also sheds light on the main factors affecting the probability of a firm being rationed in the credit …

. Using data on line of credit (L/C) interest rates, collateral requirements, and the firms’ use of fast payment discounts we … collateralization and availability. Firms in financial distress face comparatively high L/C interest rates and reduced credit …