-firm lending data. We decompose loan movements in Japan for the period 1990 to 2010 into bank, firm, industry, and common shocks … developing a new methodology to separate firms' credit shocks from loan supply shocks, using a vast sample of matched bank … economy, which creates a role for granular shocks, as in Gabaix (2011). As a result, idiosyncratic bank shocks - movements in …

This paper is an empirical examination of the existence of the inside bank premium arising from relationship banking … extended by an inside bank when there exist asymmetries between the inside bank and outside banks, such as the information … advantage of the inside bank or the implicit insurance and other borrower-specific services exclusively provided by the inside …