sheets and liquidity by raising funds from banks, bonds, and equity markets. While listed firms reduced their leverage …

banks using a non-parametric Monte Carlo re-sampling method following Carey [1998]. Our results are based on a panel data … set containing both loan and internal rating data from the banks complete business loan portfolios over the period 1997 … businesses in the sample is rated by both banks, we can generate loss distributions for SME, retail and corporate credit …

. We develop a repeated game in which banks come across each other frequently, allowing them to threaten a punishment in … case of free riding. As the number of lending banks grows, the chance of meeting again a bank and of being punished for … restructuring probability increases with the number of banks up to a threshold - three banks - beyond which coordination problems …

extraordinary. Looking beyond the debtor's situation to the banks involved, we found that the banks which succeeded in repossessing … the property was seized by regulators 2 months later for being insufficiently capitalized, indicating why banks, in this … analysis of the financial condition and capital adequacy of the banks involved, we also explore in greater detail the …

on the role of banks for monetary transmissions. A bank-based corporate financing friction is introduced and the relative …