receives an earmarked credit from its bank, its interest rates on new loans in the free-market increase while the loan volume …This paper studies loan conditions in a context where private banks can operate in two credit markets: a free … regulated. The paper examines the effects of earmarked lending on the spreads of free-market loans using a rich loan …

-up in lending flows to the private sector, rendering the recovery credit-less. This paper uses data on output and credit to … study the relative roles of demand and supply drivers of credit growth during economic recoveries on a sample of advanced … and emerging countries between 1980 and 2014. Using a simple endowment economy model, the paper shows that credit …

discontinuity in the loan approval process of a large bank, the study finds that competing lenders responded to additional loan … approvals by issuing approvals of their own. Competing lenders captured almost three-quarters of the new loans to previously … financially excluded borrowers, greatly diminishing the profits accruing to the initiating bank. Lenders may therefore underinvest …