separate firm-borrowing shocks from bank-supply shocks using a vast sample of matched bank-firm lending data. We decompose … aggregate loan movements in Japan for the period 1990 to 2010 into bank, firm, industry, and common shocks. The high degree of … role for granular shocks as in Gabaix (2011). We show that idiosyncratic granular bank-supply shocks explain 30-40 percent …

This paper is the first to study the effect of financial restatement on bank loan contracting. Compared with loans …

This paper examines the use of credit derivatives by US bank holding companies from 1999 to 2003 with assets in excess … of one billion dollars. Using the Federal Reserve Bank of Chicago Bank Holding Company Database, we find that in 2003 … represent on average two thirds of the assets of bank holding companies with assets in excess of $1 billion. Few banks are net …

. Using branch-level deposit rate data, we find little evidence for market discipline as rates are similar across bank … correlated with loan growth in other states in which their bank has some presence, suggesting internal capital markets help … reallocate the bank's funding …

competitive interactions between banks and non-bank lenders (fintech firms). Trust enables lenders to have assured access to …

supporting the shareholder-as-customer model. Bank values responded positively to the presence of large-block individual … concerned with dividend returns than access). Moreover, firm value declined as directors consumed larger fractions of a bank …'s loans, which reduced the bank's ability to extend credit to other shareholders …