lending function are examined, and a simple model of bank-lending is proposed. The model is used to examine the impact of … business, including technical innovationssuch as credit scoring, regulatory regime shifts such as toughened bank supervision … firm, owner and community; and (3) an agency problem appears between the loan officer and bank management because of the …

Bank capital is an important determinant of secondary market liquidity of loans that a bank originates and syndicates …. Higher bank capital is associated with significantly narrower loan bid-ask spreads. This effect is stronger when banks are … to bank capital generated by housing market exposures and the 2012 JPMorgan ‘London Whale' incident are suggestive of …