This paper provides a simple model showing that the extent of competition in credit markets is important in determining …

competition between traditional banks and challenger fintech entrants. We study lending market competition when sharing banks …

Using proprietary individual level loan data, this paper explores the economic consequences of the 2009 bank entry … corporate loans from entrant banks. Consequently, in deregulated cities, private firms with bank credit access increase asset … following deregulation. Deregulation also amplifies bank credit from productive private firms to inefficient SOEs due mainly to …

effects from cross-border bank takeovers with those of cross-border lending by banks located overseas, which in most cases …

Banks are optimally opaque institutions. They produce debt for use as a transaction medium (bank money), which requires … that information about the backing assets - loans - not be revealed, so that bank money does not fluctuate in value …-insensitive assets. For the economy as a whole, firms endogenously separate into bank finance and capital market/stock market finance …

We study specialized lending in a credit market competition model with private information. Two banks, equipped with … similar data processing systems, possess "general" signals regarding the borrower's quality. However, the specialized bank …

monetary policy. The theory unifies an endogenous supply of illiquid local loans and risk-sharing among subsidiaries of bank …

longstanding legislative and regulatory calls for increased competition. The material entry of a third rating agency (Fitch) to the … competitive landscape offers a unique experiment to empirically examine how in fact increased competition affects the credit … ratings market. Increased competition from Fitch coincides with lower quality ratings from the incumbents: rating levels went …

This paper studies the impact of technological change and regulatory competition on governmental efforts to generate …

taking place for retail banking. Data on cross-border retail bank flows, cross-border bank mergers and the law of one price … reveal no evidence of integration in retail banking. This paper shows that the previous tests of bank integration are weak in … that they are not based on an equilibrium concept and are neither necessary nor sufficient statistics for bank integration …