(Gabaix, 2011) for the banking sector, introducing Bertrand competition and heterogeneous banks charging variable markups …. Using this framework, we show conditions under which idiosyncratic shocks to bank lending can generate aggregate … sector for many countries is indeed granular, as the right tail of the bank size distribution follows a power law. We then …

contribution is two-fold. First, we expand the theory of granularity to encompass the Bertrand competition frequently used in … right tail of the bank size distribution follows a power law. Also, the presence of big banks as measured by high market …

We analyze the relationship between greater bank competition and the screening of potential borrowers. Using a large … that the stringency of bank screening of borrowers in China increased with greater banking sector competition … sensitivity of bank credit to prior borrowing-firm performance increases after China's WTO entry. This sensitivity increase is …

both on competition and on banks' risk taking incentives. Drawing on the literature on the uniqueness of bank loans vis …This paper develops a structural model of competition in the lending market to examine the impact of financial reforms …-2004). Our results suggest an increase in competition along with the reform process. The analysis of banks' risk taking …

Research shows that bank competition affects general economic and banking-related outcomes, but much less is known … that bank competition significantly reduces borrowers' risk-taking. In response to bank competition, firms invest in more … R&D risk. We also find that the decline in risk-taking is concentrated in operating accruals' volatility. Bank …

This paper investigates the relationship between bank competition and credit procyclicality for 17 OECD countries on … the 1986-2009 period. We account for heterogeneity among countries in terms of bank competition through the use of a … whether credit procyclicality is more important when the degree of bank competition is high. Our findings show that while …