argument that higher capital reduces the cost of uninsured debt, the positive effect of bank capital on lending is stronger … capital on lending …

-taking. As market power is the primary source of franchise value, reduced competition in banking markets has been seen as …

businesses were affected disproportionally. On average, in the treated markets, the overall lending to small businesses initially … declined by 5.4% and remained lower for several years. The decline in credit supply eventually led to a decrease in the number … even as small business lending recovered, these levels remained depressed for many years after that. Overall, the results …

businesses were affected disproportionally. On average, in the treated markets, the overall lending to small businesses initially … declined by 5.4% and remained lower for several years. The decline in credit supply eventually led to a decrease in the number … even as small business lending recovered, these levels remained depressed for many years after that. Overall, the results …

mechanism, we set up a causal mediation analysis to prove that the judicial system affects banks credit risk exposure both …

bonds at the expense of lending to the real sector. To quantify the effect of this distortion, we build a standard RBC model … policy makes the steady state lending spread on loans to firms decline, stimulating investment and output. Also, it … stabilises the lending spread, leading to a lower volatility of investment and output. …