We test whether financial fluctuations affect firms' decisions, through their impact on banks' cost of funding. We …-2012 sovereign debt crisis. Using newly available data linking over 3,000, mostly privately-held, non-financial firms to their bank(s …), we find that increases in Italian banks' CDS spreads and decreases in their equity valuations lead younger and smaller …

strategy if banks think long-term. If banks are myopic no information sharing may occur. …

I address the following issue in this paper: how does information sharing among banks about borrowers affect banks … sharing among banks reduces lenders' risk and results in lower lending rates than any other arrangement. This may be the … rates than any other form of information sharing under fairly general conditions. Despite its lucrative features, banks are …

We test whether financial fluctuations affect firms' decisions, through their impact on banks' cost of funding. We …-2012 sovereign debt crisis. Using newly available data linking over 3,000, mostly privately-held, non-financial firms to their bank(s …), we find that increases in Italian banks' CDS spreads and decreases in their equity valuations lead younger and smaller …

assets to complement the IT capital. The investment model is estimated using data from Spanish banks on assets of different …

strategy if banks think long-term. If banks are myopic no information sharing may occur. …

Recent experience from Europe and Japan shows that commercial banks generally pass negative short-term policy rates on … to negative deposit rates, banks keep deposit rates at zero as policy rates decline, while accepting squeezed and …) market expectations about the future policy rate. A calibration of the model indicates how low central banks could …

Recent experience from Europe and Japan shows that commercial banks generally pass negative short-term policy rates on … to negative deposit rates, banks keep deposit rates at zero as policy rates decline, while accepting squeezed and …) market expectations about the future policy rate. A calibration of the model indicates how low central banks could …

competition among banks, which in turn lowered entry barriers facing nonfinancial firms, especially firms that depend heavily on …