expecially severe in emerging markets, characterized by weak institutions and banks with poorly developed monitoring and … screening abilities. Exploiting a unique sample of Vietnamese loans, we show that by updating their credit scoring models banks … credit scoring models is a viable alternative to credit rationing for banks and, in combination with relationship lending …

. We do so using an agent-based model populated by heterogeneous capital- and consumption-good firms, heterogeneous banks …

an investor holding a portfolio of banks. Based on this view, we investigate the role of large banks in determining the … systemic risk in this portfolio. Our results, based on book data of U.S. banks and Bank Holding Companies, indicate that the … largest banks are consistently overrepresented in the current portfolio compared with the minimum variance portfolio. Moreover …