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The Home Bias and the Credit Crunch: A Regional Perspective
Presbitero, Andrea Filippo; Udell, Gregory F.; Zazzaro, … - Money and Finance Research group (Mo.Fi.R.) - 2012
A major policy issue is whether troubles in the banking system re ected in the bankruptcy of Lehman Brothers in September 2008 have spurred a credit crunch and, if so, how and why its severity has been different across markets and firms. In this paper, we tackle this issue by looking at the...
Persistent link: https://www.econbiz.de/10009652148
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Do Banks Price Discriminate Spatially? Evidence from Small Business Lending in Local Credit Markets
Bellucci, Andrea; Borisov, Alexander V.; Zazzaro, Alberto - Money and Finance Research group (Mo.Fi.R.) - 2013
bank-borrower distance and decrease with the distance between borrower and other competing banks. Along the quantity … quantity effects of bank-borrower distance are concentrated among less transparent firms. Our findings are consistent with …
Persistent link: https://www.econbiz.de/10010610097
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Geographical Distance and Moral Hazard in Microcredit: Evidence from Colombia
Presbitero, Andrea Filippo; Rabellotti, Roberta - Money and Finance Research group (Mo.Fi.R.) - 2012
microfinance institution (MFI) and local borrowers could partially explain the limited impact of microcredit. The physical distance … easier. The estimation of the effect of distance on the borrower's self-assessed outcome of a microcredit project in Colombia … confirms the presence of moral hazard in the microcredit market, with agency costs increasing with geographical distance. …
Persistent link: https://www.econbiz.de/10010878447
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Collateral and Local Lending: Testing the Lender-Based Theory
Zazzaro, Alberto; Bellucci, Andrea; Borisov, Alexander; … - Money and Finance Research group (Mo.Fi.R.) - 2015
magnify the importance of lender-to-borrower distance. Our findings are also obtained with estimation techniques that allow …
Persistent link: https://www.econbiz.de/10011265634
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Liberalization, Corporate Governance, and Savings Banks
Illueca, Manuel; Norden, Lars; Udell, Gregory F. - Money and Finance Research group (Mo.Fi.R.) - 2009
We study the effects of the interplay between banking deregulation and corporate governance on the lending behavior of savings banks in Spain. The removal of branching barriers that constrained these banks has led to a nationwide expansion, increasing the number of their branches and their...
Persistent link: https://www.econbiz.de/10005112840