private debt contracts in Europe. The median duration between loan amendments equals one year, although frequently …

We examine the impact of bank competition on firms' access to credit using a large panel of 900 banks matched to almost … hypothesis whereby low inter-bank competition worsens firms' credit conditions. Specifically, we find that higher bank market … power is associated with lower short and long-term bank credit, higher reliance on trade credit and higher funding costs for …

In the wake of recent crisis developments in the US and Europe, non-bank credit channels have often been portrayed as … data. The available evidence actually points towards a correlation between the development of non-bank credit and higher … strengthening the infrastructure for the gradual development of sustainable nonbank credit provision. …

This article provides empirical evidence on the determinants of multiple bank loan renegotiations in Europe over the … transparency and amendment characteristics halt the number of renegotiation rounds while the credit crisis of 2008 has the opposite …