opted for issuing blanket guarantees on bank liabilities to stop or avoid widespread bank runs. In theory, blanket … guarantees can prevent bank runs if they are credible. However, guarantee could add substantial fiscal costs to bank …

. We investigate theoretically and empirically how bank organization shapes banking competition. Our theoretical model …Recent theoretical models argue that a bank’s organizational structure reflects its lending technology. A … hierarchically organized bank will employ mainly hard information, whereas a decentralized bank will rely more on soft information …

. We investigate theoretically and empirically how bank organization shapes banking competition. Our theoretical model …Recent theoretical models argue that a bank’s organizational structure reflects its lending technology. A … hierarchically organized bank will employ mainly hard information, whereas a decentralized bank will rely more on soft information …

impact of competition on bank orientation í L H WKH choice of relationship based versus transactional banking í DQG EDQN … LQGXVWU\ specialization.We empirically investigate the impact of interbank competition on bank branch orientation and ….We find that bank branches facing stiff local competition engage relatively more in relationship-based lending but specialize …

.We investigate theoretically and empirically how bank organization shapes banking competition.Our theoretical model illustrates how a …Recent theoretical models argue that a bank's organizational structure reflects its lending technology.A hierarchically … organized bank will employ mainly hard information, whereas a decentralized bank will rely more on soft information …

We show that competing firms relax overall competition by lowering future barriers to entry.We illustrate our findings …-period profits.This dampens competition for serving the first-period market. …

firms.We study the effect on loan conditions of geographical distance between firms, the lending bank, and all other banks … in the vicinity.For our study we employ detailed contract information from more than 15,000 bank loans to small firms … comprising the entire loan portfolio of a large Belgian bank.We control for relevant relationship, loan contract, bank branch …