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 …

In 2013, the Central Bank of Russia started revoking licenses from fraudulent banks. By 2020, two-thirds of all … operating banks had been shuttered. We analyze this unique period in history with credit register data. Following “sin” bank … unconcentrated. Before bank closure, firms remain unaffected; after bank closure, “bad” firms worsen in resiliency and profitability …

unobserved bank and firm heterogeneity, we find that firms that were recently poorly performing obtain loans from banks with more … not too high. Our estimates thus suggest that bank market power can facilitate access to credit by poorly-performing firms …