similar data processing systems, possess "general" signals regarding the borrower's quality. However, the specialized bank …

precision (quality), capturing the emerging trend in fintech/non-bank lending where traditionally subjective ("soft … similar data processing systems possess hard signals about the borrower's hard fundamentals, and the specialized bank, who … fundamentals. We show that hardening soft information levels the playing field for the non-specialized bank by reducing its winner …

Studies of intermediated arbitrage argue that bank balance sheets are an important consideration, yet little evidence …

aggregation. Our approach exploits differences in the responsiveness of loan rates to bank funding costs and is supported by … historical evidence and theoretical arguments. The new measure reveals that bank suspensions' marginal impact on economic …

Our research examines the impact of dwindling community bank numbers on community investment and economic development …) originations. Key factors include the local presence of other community banks and the continuity of the consolidating bank …'s presence. Interestingly, the effect remains neutral in underserved or distressed counties and diminishes when a large bank …

bank funding costs. We show that credit supply is dampened by the associated debt-overhang cost to bank shareholders. Until … offset if drawdowns are expected to be left on deposit at the same bank, which happened at some of the largest banks during …

The traditional model of bank-led financial intermediation, where banks issue demandable deposits to savers and make …% to 13%. Additionally, the share of loans as a percentage of bank assets has fallen from 70% to 55%. We develop a …, and changes in implicit subsidies and costs of bank activities can explain these shifts. Declines in securitization cost …

We propose and test a theory of corporate liquidity management in which credit lines provided by banks to firms are a … form of monitored liquidity insurance. Bank monitoring and resulting credit line revocations help control illiquidity …