Using a novel way to identify relationship and transaction banks, we study how banks' lending techniques affect funding … to SMEs over the business cycle. For 21 countries we link the lending techniques that banks use in the direct vicinity of …

Using a novel way to identify relationship and transaction banks, we study how banks’ lending techniques affect funding … to SMEs over the business cycle. For 21 countries we link the lending techniques that banks use in the direct vicinity of …

Traditionally banks have used securitization for expanding credit and thus their profitability. It has been well … documented that, at least before the 2008 crisis, many banks were keeping a high proportion of the securities that they created …-rated tranche. This paper builds a simple model of securitization that accounts for the above retention strategies. Banks in the …

Traditionally banks have used securitization for expanding credit and thus their profitability. It has been well … documented that, at least before the 2008 crisis, many banks were keeping a high proportion of the securities that they created …-rated tranche. This paper builds a simple model of securitization that accounts for the above retention strategies. Banks in the …

equilibrium when banks have monopoly power, justifying a Pigouvian tax in this case. …