technologies are al-ready widely in use in the market by a large group of small mutual banks, an increase in competition may drive … local credit markets. We provide evidence that marginal increases in interbank competition are detrimental to relationship … lending in markets where large and out-of-market banks are predominant. On the contrary, where relational-based lending …

bank and a crowdlending platform and show that the entry of crowdlending can induce a switching effect as well as a credit … reduced the small business loans originated by banks, in particular, in the low- or moderate-income tracts as well as in the …

absent in these markets. We introduce a dataset of 414 SME marketplace loans and 8,236 online loan days to test these …

A puzzling but consistent result in the empirical literature on banking is that firms with close bank ties do not grow … faster than bank-independent firms. In this paper, we reconsider the link between relationship lending and firms' growth … can be compensated by other negative capture, risk and externality effects which make relational banks reluctant to …

Trade and innovation cause structural change. Productive factors must flow from declining to growing industries. Banks … capital standards, and cost of bank equity determine credit reallocation, sectoral expansion and trade patterns …

question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …

How do banks facilitate creative destruction and shape firm turnover? We develop a dynamic general equilibrium model of … bank credit reallocation with endogenous firm entry and exit that allows for both theoretical and quantitative analysis. By … restructuring loans to firms with poor prospects and high default risk, banks not only accelerate the exit of unproductive firms but …

, reduce their bank lending, lower their investment rate and labor productivity, and reduce their output and TFP growth by …

countries where firms borrowed more from domestic banks ("domestic bank dependence") than in countries where firms borrowed more …Small businesses (SMEs) depend on banks for credit. We show that the severity of the Eurozone crisis was worse in … from international banks. Eurozone banking integration in the years 2000–2008 mainly involved cross-border lending between …