has exposed community banks to intensified competition on the one hand, but on the other hand has left well …

, this paper explores whether changes in bank competition have in fact played a role on the market structure of non … industries, across countries or related to time passing. The evidence suggests that the overall process of enhanced competition …

with the life insurance data, in equilibrium young households are borrowing constrained and under-insured against human … capital risk. A calibrated version of the model can quantitatively account for the life-cycle variation of life-insurance … to a substantial increase in the volume of both credit and insurance. …