loan syndicates. While the purpose of TARP was to stimulate the flow of credit during the economic downturn, the low cost … of capital could have functioned as a double-edged sword by imprudently increasing lenders' credit risk-appetite. Our … effectively prevented moral hazard by its participants as evidenced by the syndicated loans' more diversified structures. This …

This paper investigates how government-led banking liberalization affects credit allocation by banks using as a quasi … % increase in debt funding and more than 100-basis-point drop in interest costs despite their inferior credit quality. The debt …

This paper uses granular data on syndicated loans to analyse the impact of international reforms for Global … Systemically Important Banks (G-SIBs) on bank lending behaviour. Using a difference-in-differences estimation strategy, we find no … effect of the reforms on overall credit supply, while at the same time documenting a substantial decline in borrower- and …