this case, contagion may occur if a bank hit by a liquidity shock calls in some loans and borrowers then pay them back by … investigate a specific type of externality that originates from those borrowers that obtain liquidity from more than one bank. In …

, comprehensive dataset of over one million loans by savings banks in Germany. We find that loans of retail customers, who have a … relationship with their savings bank prior to applying for a loan, default significantly less than customers with no prior … borrower characteristics as well as internal and external credit scores. Our results suggest that relationships of all kinds …

between productivity and bank credit in the context of different financial market set-ups, we introduce a model of overlapping … and Italy to explore the relation between bank credit and productivity following the main derivations of the model. We … estimate an extended set of elasticities of bank credit with respect to a series of productivity measures of firms. We focus …

We study how the consequences of violations of covenants associated with bank lines of credit to firms vary with the … financial health of lenders. Following a violation banks restrict usage of lines of credit by raising spreads, shortening … during the recent crisis. Banks in worse financial health are more likely to restrict access to credit lines following a …

How much of the heterogeneity in bank loan pricing is explained by disparities in banks’ attitude towards risk? The … answer to this question is not simple because there are only very weak proxies for gauging the degree of a bank’s risk … confirm that disparities in market power, banks’ funding costs, and banks’ funding risks are reflected in bank lending rates …

bank credit conditions for issuer firms, both at the firm-bank and firm level. We compare new loans granted to issuer firms … bank loans of the same maturity than non-issuer firms, suggesting an improvement in their bargaining power with banks. In … addition, issuer firms reduce the amount of used bank credit but increase the overall amount of available external funds …

policy period, change in banks’ competitive behaviour affected the bank lending channel and discouraged banks from taking …

This paper aims to shed light on the characteristics and particularly the determinants of credit-less recoveries. After … building a dataset and documenting some stylised facts of credit-less recoveries in emerging market economies, this paper uses … panel probit models to analyse key determinants of credit-less recoveries. Our main findings are the following. First, our …

loans and to transmit the soft information they obtain in that process. We explore how this multi-task agency problem shapes … loan officers' compensation, banks' use of soft information in credit approval, and their lending standards. When … competition intensifies, prospecting for loans becomes more important and banks' internal agency problem worsens. In response to …

economy. In our model, producers are financed by both bank debt and equity, and face a mix of systematic and idiosyncratic … macro-prudential policy is represented by a convex dependence of bank capital requirements on the quantity of … uncollateralized credit. We find that this kind of policy is more successful in suppressing equity price swings than moderating output …