The number of firm bankruptcies is surprisingly low in economies with poor institutions. We study a model of bank …-firm relationship and show that the bank's decision to liquidate bad firms has two opposing effects. First, the bank gets a payoff if a …

’s performance and soft information factors in inter-bank competition. The authors’ empirical results suggest that utilizing soft … examines how relationship lending affects lending performance in inter-bank competition. The conclusion is that, even though … inter-bank competition has negative effects, a bank in a competitive local market can acquire an informational advantage to …

We find that competition from payday lenders leads depository institutions to raise overdraft fees and reduce the … illuminate competition and pricing frictions in the large, yet largely unstudied, small-dollar loan market. -- Payday credit … ; overdraft credit ; competition ; adverse selection …

We find that competition from payday lenders leads depository institutions to raise overdraft fees and reduce the … illuminate competition and pricing frictions in the large, yet largely unstudied, small-dollar loan market …