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Persistent link: https://www.econbiz.de/10013285943
) relationship between the standard deviation (coefficient of variation) and the average in bank lending-rate markups. In a …. Normatively, under a given inflation target, welfare gains arise if a central bank can use additional liquidity-provision (or tax …
Persistent link: https://www.econbiz.de/10013169196
We use unique data on banks' private risk assessments of corporate borrowers to quantify how competition among banks affect the risk sensitivity of interest rates in the Norwegian credit market. We show that an increase in competition makes corporate lending rates less sensitive to banks' own...
Persistent link: https://www.econbiz.de/10012795608
, we show that fintech loans to entrepreneurs are more likely to be unsecured and short-term while bank loans are expected …
Persistent link: https://www.econbiz.de/10013294499
A model of imperfectly competitive banks is examined under asymmetric information about borrower quality. Greater bank … empirical results on the relationship between bank competition and financial stability. The model can be used to define a …
Persistent link: https://www.econbiz.de/10013028276
This paper presents a spatial model to analyze the effects of the entry of Fintech lenders on credit market competition and welfare. In the model, banks compete with a Fintech lender for borrowers under asymmetric information. Both types of lenders can screen borrowers before making a loan, and...
Persistent link: https://www.econbiz.de/10013230950
of the traditional bank business model. Specialized providers of financial services can chip away activities that do not …
Persistent link: https://www.econbiz.de/10012241264
This paper studies the links between competition in the lending market and spreads of bank loans in Brazil. Evidence … interest rates as the bank-firm relationship duration increases. Both results are stronger for micro and small firms than for …
Persistent link: https://www.econbiz.de/10012256418
similar data processing systems, possess "general" signals regarding the borrower's quality. However, the specialized bank …
Persistent link: https://www.econbiz.de/10014486246
We estimate the evolution of markups of publicly traded firms in 74 economies from 1980-2016. In advanced economies, markups have increased by an average of 39 percent since 1980. The increase is broad-based across industries and countries, and driven by the highest markup firms in each economic...
Persistent link: https://www.econbiz.de/10012913886