indicator. Evidence is provided that similar loans provided by banks with higher market power (Lerner indicator) are …

players, but shocks impacting fringe banks have little impact. The global financial crisis and the appearance of South … Banks may play a catalytic role, but their small size limits their ability to mitigate shock propagation. The ongoing Covid …

challenges, especially for banks, which tend to produce multiple outputs and operate with considerable inefficiency. We estimate … Lerner indices for U.S. banks for 2001-18 using nonparametric estimators of the underlying cost and profit functions …, controlling for inefficiency, and incorporating banks' off-balance-sheet activities. We find that mis-specification of cost or …

loss by 80% because non-competitive banks internalize some of the burden. Conversely, subsidies are less effective in non …

of financial relations between U.S. banks and Chilean firms after socialist Salvador Allende took office in 1970 …. Business reports and stock prices suggest that firms were mostly unaffected by having fewer links with U.S. banks. Substitution … of financial relations towards domestic banks appears to be the key mechanism explaining these findings. …