/borrower information. The results suggest that banks whose government guarantee was removed reduced credit risk by cutting off the riskiest … borrowers from credit. At the same time, the banks also increased interest rates on their remaining borrowers. The effects are … moral hazard effects. - Banking ; public guarantees ; credit risk ; moral hazard ; market discipline …

/borrower information. The results suggest that banks whose government guarantee was removed reduced credit risk by cutting off the riskiest … borrowers from credit. At the same time, the banks also increased interest rates on their remaining borrowers. The effects are …

guarantee was removed reduced credit risk by cutting off the riskiest borrowers from credit. Using a difference …

/borrower information. The results suggest that banks whose government guarantee was removed reduced credit risk by cutting off the riskiest … borrowers from credit. At the same time, the banks also increased interest rates on their remaining borrowers. The effects are …

/borrower information. The results suggest that banks whose government guarantee was removed reduced credit risk by cutting off the riskiest … borrowers from credit. At the same time, the banks also increased interest rates on their remaining borrowers. The effects are … show that the effect is larger for banks that ex ante benefited more from the guarantee. We show that both the credit …

availability of credit to small businesses which has been further fueled by empirical studies that partly confirm a reduction in …

estimates. -- Credit risk ; Bank loans ; Loss given default ; Forecasting …

minimum standard is unlikely to exhibit adverse consequences for credit supply and bank profitability. …

minimum standard is unlikely to exhibit adverse consequences for credit supply and bank profitability …