show that the incidence of inefficient credit termination and subsequent firm liquidation is contingent on the borrower … inefficient credit decisions than monopoly relationship lending or homogeneous multiple banking, provided that the relationship …

Credit contracting between a lender with a market power and a small start-up entrepreneur may lead to a rejection of … be eliminated by a government support in the form of credit guarantees or subsidies. The principal-agent model of this …

relationship bank affects the incidence of forbearance lending and soft budget constraints by signaling its credit decision to …

an electronic P2P (peer-to-peer) lending platform. In such an electronic credit market, lenders bid to supply a private …. We find that these market participants act as financial intermediaries and significantly improve borrowers' credit …

share of bad borrowers is small. Borrowers with good credit records, on the other hand, would prefer information sharing …

This paper investigates whether output and inflation respond asymmetrically to credit shocks in the euro area. The … effects related to credit conditions in the economy. Consistent with this finding, the impulse responses show some signs of …

use of credit, at the individual and household level using representative pooled cross-section data drawn from the UK … Expenditure and Food Surveys (EFS), 2001 to 2007. Gambling and the use of credit are shown to be positively correlated at the … between gambling and the use of credit is remarkably stable across household income. In addition to our household level …

? liquidity constraints. We also demonstrate that increasing the rate of inflation can be welfare improving when credit rationing …