loan from a fintech lender than a traditional bank. Among conventional lenders, smaller banks were much less likely to lend … to show that the disparity is not primarily explained by differences in pre-existing bank or credit relationships, firm …

letter, some borrowers also receive a phone call from a randomly assigned bank agent. We find that borrowers, who speak with … a bank agent typically for only a few minutes, are significantly more likely to make timely payments and significantly …

How does uncertainty affect the costs of raising finance in the bond market and via bank loans? Empirically, this paper … finds that heightened uncertainty is accompanied by an increase in corporate bond yields and a decrease in bank lending …

capital standards, and cost of bank equity determine credit reallocation, sectoral expansion and trade patterns …

bank credit reallocation with endogenous firm entry and exit that allows for both theoretical and quantitative analysis. By …

An entrepreneur chooses a relationship bank or market finance. The advantage of bank finance is that the quality of the … that the bank continues inefficient projects, i.e., zombie lending occurs. In the short run - for a given contract - a drop … in the market interest rate increases zombification. The bank adapts the contract to this drop in the long run, and …