A model of imperfectly competitive banks is examined under asymmetric information about borrower quality. Greater bank … credit booms. Such equilibria are characterised by sharp increases in credit supply and deteriorations in average loan … empirical results on the relationship between bank competition and financial stability. The model can be used to define a …

that a bank's credit policy and a bank's valuation are associated. …This paper proposes a model that associates borrower credit risk with the cash flow method to assess the economic value … of a consumer credit portfolio. A Monte Carlo simulation applying the method to an illustrative loan reveals that the …

This paper studies the effects of the bank capital requirements imposed by the European authorities in October 2011 on … granted by a representative Spanish bank and several subsidiaries to nonfinancial corporations around that date. We document …

We estimate a structural model of bank portfolio lending and find that the typical U.S. community bank reduced its … business lending during the global financial crisis. The decline in business credit was driven by increased risk overhang … effects (consistent with a reduction in the liquidity of assets held on bank balance sheets) and by reduced loan supply …

access to credit can be improved. The model explains the reduced incidence of collateral, and potentially higher interest … rates in later periods for safer borrowers. The results are stronger under more intense bank competition. Our findings …

We model how an information asymmetry between the lending bank and the applying firm about the currency structure of …, more local earners choose foreign currency loans, as they do not bear the full cost of the corresponding credit risk. This …

) 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 …

This paper investigates the relationship between bank competition and credit procyclicality for 17 OECD countries on … whether credit procyclicality is more important when the degree of bank competition is high. Our findings show that while … credit significantly responds to shocks to GDP, the degree of bank competition is not essential in assessing the …

How does uncertainty affect the costs of raising finance in the bond market and via bank loans? Empirically, this paper … finds that heightened uncertainty is accompanied by an increase in corporate bond yields and a decrease in bank lending …