Bank market power, both in the loan and deposit market, has important implications for credit provision and for … identifies relevant channels that deserve further analysis, especially given the rising importance of bank market power for …

Loan guarantees represent a form of government intervention to support bank lending. However, their use raises concerns … as to their effect on bank risk-taking incentives. In a model of financial fragility that incorporates bank capital and a … bank incentive problem, we show that loan guarantees reduce depositor runs and improve bank underwriting standards, except …

and banks are subject to moral hazard and monitoring is essential. Multiple-bank lending is optimal whenever the benefit …. The model predicts a greater use of multiple-bank lending when banks are small relative to investment projects, firms are …

) around the globe, with the focus on alternative finance—financing from all the non-market, non-bank external sources. We …-growing economies. We compare market and bank finance with alternative finance, along with the supporting mechanisms such as legal and …