This working paper examines recent trends in EU corporate demography and the role of policy responses during the COVID crisis. It compares recent bankruptcy and business creation rates to past trends. Pre-crisis trends were showing declining business creations and rising bankruptcies. After...

We show that lenders join a U.S. commercial credit bureau when information asymmetries between incumbents and entrants create an adverse selection problem that hinders market entry. Lenders also delay joining when information asymmetries protect them from competition in existing markets,...