What is the impact of a sudden and sizeable increase in bank capital requirements on the lending activity by directly … affected banks and by non-affected non-bank financial institutions (NBFIs)? To answer this question, we apply a difference … activities, in riskier and more competitive borrower segments, but NBFIs do not seem to rely on increased bank funding to finance …

This paper studies the effects of the bank capital requirements imposed by the European authorities in October 2011 on … granted by a representative Spanish bank and several subsidiaries to nonfinancial corporations around that date. We document …

-transfer and default probabilities to gauge the severity of informational asymmetries in the loan securitization market. First, the … analysis confirms the presence of information frictions in the SME loan securitisation market. Second, the unconditional … effects of asymmetric information. Third, using data for firms that maintain multiple bank relationships, we obtain …