The paper investigates whether impaired asset segregation tools, otherwise known as bad banks, and recapitalisation lead to a recovery in the originating banks' lending and a reduction in non-performing loans (NPLs). Results are based on a novel data set covering 135 banks from 15 European...

We study an e-commerce platform’s incentive to enter the credit market and offer loans for vendors’ innovations. The platform earns from both its lending ac- tivity and fees collected on transactions in the marketplace. If the platform does not offer loans, it might find it convenient to...