local credit markets. We provide evidence that marginal increases in interbank competition are detrimental to relationship … concentration on relationship lending which cannot be easily accommodated by the investment and strategic theories of relationship … lending. In this paper, we suggest that this non-monotonicity can be explained by looking at the organizational structure of …

urban areas through building low cost personalized distribution network, creating asset linked and collateral free credit …

mechanism, we set up a causal mediation analysis to prove that the judicial system affects banks credit risk exposure both …

This paper examines the effects of Islamic banking on the causal linkages between credit and GDP by comparing two sets … analysis provides evidence of long-run causality running from credit to GDP in countries with Islamic banks only. This is …

Do macroprudential regulations on residential lending influence commercial lending behavior too? To answer this … question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential … Switzerland in 2012. We find that the CCyB's introduction led to higher growth in commercial lending although this was unrelated …

, small, and innovative firms) have a multitude of bank lenders, where one may be special in the sense of relationship lending …. However, theory does not tell us a lot about the economic rationale for relationship lending in the context of multiple bank … financing. The optimal debt structure balances the risk of lender coordination failure from multiple lending and the bargaining …

Trade credit is the most important form of short-term finance for U.S. firms. In 2017, non-financial firms had about $3 … trillion in trade credit outstanding equaling 20 percent of U.S. GDP. Why do sellers lend to their buyers in the presence of a … well-developed financial sector? This paper proposes an explanation for the puzzling dominance of trade credit: When …