This paper examines the effects of strategic alliances on non-financial firms’ bank loan financing. We construct …) can provide an endorsement effect and benefit the borrowers by reducing the price of bank loans. Moreover, a borrowing … firm positioned at the centre of an alliance network enjoys a lower cost of bank loans. Finally, we find that borrowing …

Building on Cecchetti and Li (2005), we show that the bank lending channel affects monetary policy trade-offs only when … monetary policy model. In our calibrated model the resulting impact of the bank lending channel on output-inflation trade …-offs is quantitatively small and of ambiguous sign. When bank capital varies counter cyclically and bank loan rates have a …

This paper evaluates bank exit regimes in selected financial centres using econometric methods. The focus is on bank … exit regimes applicable to commercial banks in New York, London, Frankfurt, Helsinki and Tokyo in 1998–2002. Bank exit … regimes are studied from the perspective of bank creditors and bank shareholders. In order to apply econometric methods, the …

We investigate how borrowers’ corporate governance influences bank loan contracting terms in emerging markets and how …