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Multiple-bank lending : diversification and free-riding in monitoring
Carletti, Elena; Cerasi, Vittoria; Daltung, Sonja - 2004
This paper analyzes banks choice between lending to firms individually and sharing lending with other banks, when firms and banks are subject to moral hazard and monitoring is essential. Multiple-bank lending is optimal whenever the benefit of greater diversification in terms of higher...
Persistent link: https://www.econbiz.de/10011584789
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Fed QE and bank lending behaviour : a heterogeneity analysis of asset purchases
Grimaldi, Marianna; Kapoor, Supriya - 2023
dependent on banks' solvency and liquidity exposures. Our results highlight that it is necessary to take heterogeneity of …
Persistent link: https://www.econbiz.de/10014393221
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Big broad banks : how does cross-selling affect lending?
Qi, Yingjie - 2020
Using unique micro-data that contain the internal information on all corporate customers of a large Nordic bank, I show that combining loan and non-loan products (cross-selling) has two benefits. First, it increases credit supply, especially in recessions. Second, it increases the likelihood of...
Persistent link: https://www.econbiz.de/10012161489
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Do credit lines provide reliable liquidity insurance? : evidence from commercial-paper backup lines
Amberg, Niklas - 2023
have despite this received scant attention in the credit-line literature. In this paper, I study the liquidity … commercial-paper market during the COVID-19 pandemic as an exogenous shock to the supply of market-provided liquidity. I find … that backup lines provide commercial-paper issuers with reliable liquidity insurance and that banks' liquidity provision …
Persistent link: https://www.econbiz.de/10014301414