This paper examines the pricing of bank loans using information on Finnish savings banks' loans from 1987 to 1992. Loan rate premia were affected by many factors, some of which are clearly related to riskiness of the borrower and some are not. The likelihood of delinquent payments is also...

This paper studies the value of a bank under different banking policy regimes. As banks run into financial distress, authorities in different countries have used different approaches to deal with the crisis. The Nordic countries provide examples of different policy approaches. The results show...