enhances the incentives of banks to expand within Euroland. Yet, while the currency bias in bank portfolios will be eliminated …

enhances the incentives of banks to expand within Euroland. Yet, while the currency bias in bank portfolios will be eliminated …

This paper studies (non-)equivalence of collateralized credit and asset sale for information-sensitive assets in over … information frictions, Pareto-efficiency can occur for collateralized credit, but not for asset sales, with endogenous haircuts …

source of credit. We aim to learn why households refuse to become clients of a bank and prefer to instead raise funds by … conditions reduce a household's probability to use both formal and informal credit markets in favor of pure bank borrowing …'s choice of the informal credit market is based not only on economic factors, but also on some institutional ones, including …

of idiosyncratic liquidity shocks - arising from deposits outflow at the bank level - and of the aggregate liquidity … during idiosyncratic liquidity shocks, while central bank liquidity contributes to smooth the impact of aggregate liquidity …

evidence that foreign banking penetration can be associated with a contraction of banking credit, especially in countries with … poor credit markets. Second I present a model in which the presence or the absence of foreign lenders endogenously modifies … firms credit constraints and hence the volume of credit extended in the economy. Specifically, I show on the one hand that …

This paper identifies bank-specific-characteristics and market conditions that contribute to determine prices and … tightening. Besides, small banks are found to suffer more as their credit risk and liquidity risk increase. We show that lending … relationships benefit banks in hedging liquidity risk. We also document that central bank liquidity increments are associated with a …