We exploit the outset of a regulation seeking to improve judicial efficiency through the rearrangement of courts … reform on both judicial efficiency and Non-Performing Loans ratio. Furthermore, we identify heterogeneous effects based on … indirectly (through judicial efficiency) and directly, thereby influencing borrowers who react to the perceived enforcement. …

restore the efficiency of equilibria. -- illiquid markets ; default ; incomplete markets ; price distortions ; inefficient …

banks have used size as a barrier to entry to the new entrants in the post-deregulation period. Furthermore, bank efficiency …This study considers the efficiency of banking in Australia during the post-deregulation period 1988-2001. Since 1986 … restrictions upon foreign bank entry and foreign ownership have been affectively abolished. Using Data Envelopment Analysis (DEA …

systemically important financial institutions. We propose a bank default risk model, in the vein of the classic Merton-type, which …

conditions, credit default and bank capitalization for the transmission of macroeconomic shocks. We fit the model to euro area … empirical literature, i.e. the pro-cyclicality of bank profitability and the counter-cyclical response of firm default rates and …

-price firms following the staggered implementation of the Interstate Banking and Branching Efficiency Act across states and over …

balance the benefits of the provision of liquidity services by bank deposits with the costs of bankruptcy. The risk in the …

. However, theory does not tell us a lot about the economic rationale for relationship lending in the context of multiple bank …, small, and innovative firms) have a multitude of bank lenders, where one may be special in the sense of relationship lending … financing. To fill this gap, we analyze the optimal debt structure in a model that allows for multiple but asymmetric bank …