Banks entering an emerging market face a lot of uncertainty about the risks involved in lending. We use a unique …

Banks entering an emerging market face a lot of uncertainty about the risks involved in lending. We use a unique …

Banks entering an emerging market face a lot of uncertainty about the risks involved in lending. We use a unique …

We show that firms' credit market experience determines their perception of aggregate bank lending policy using panel … negative effect. Firms that do not need a loan tend to perceive lending policy as neutral and revise their perceptions less …

Banks entering an emerging market face a lot of uncertainty about the risks involved in lending. We use a unique …

competition on this choice. We find that competing banks use collateral less often than a monopolistic bank because competition … will intensify if both banks collateralize. Moreover, bank competition is welfare improving if collateralization is rather …

The effects of bank competition and institutions on credit markets are usually studied separately although both factors … environment. We predict that firms' access to credit increases in bank competition if institutions are weak but bank competition … are interdependent. We study the effect of bank competition on the choice of contracts (screening versus collateralized …

competition on this choice. We find that competing banks use collateral less often than a monopolistic bank because competition … will intensify if both banks collateralize. Moreover, bank competition is welfare improving if collateralization is rather …