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 …

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 …

cost on the use of bank loan commitments. A simple inventory-based model shows that lower agency cost facilitates more … deregulation is weak or non-existent. Considering the role of bank loan commitments, these results provide one route though which …

that enables the bank credit manufacturing process. In this way, all the banks become interdependent on the flow of … inter-bank clearing and credit arrangements provide this coordination at the inter-bank level, which is effectuated through … agents in the economy over time and space; they increase the money base through credit creation; they hold fractional …