quality of individual banks is opaque but can be inferred by creditors from aggregate signals about bank solvency. When bank …. This information contagion is more likely under clustered asset structures. In contrast, when bank debt is long …

cannot access public debt markets due to agency problems and cannot commit to a lending bank for a long relationship. RAS …'s investment and leverage compared to the case in which firms can commit to a lending relationship with the bank …

In a model with bankruptcy costs and segmented deposit and equity markets, we endogenize the choice of bank and firm …

We examine the international transmission of liquidity and capital shocks from multinational bank-holding companies to … their subsidiaries. Our findings are consistent with the studies that document the negative impact of parent bank fragility … on subsidiaries' lending. We further find that foreign bank lending is determined by different factors in developing …

out bank runs and TBTF (too big to fail) and to do so without introducing incentives for financial firms to take excessive …