estimation. The analysis allows to distinguish between rents that accrue due to single bank lending, rents that accrue due to …

The number of firm bankruptcies is surprisingly low in economies with poor institutions. We study a model of bank …-firm relationship and show that the bank's decision to liquidate bad firms has two opposing effects. First, the bank gets a payoff if a …

1. Financial innovation and the economics of banking and the financial system / David T. Llewellyn -- 2. Is financial …

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 …

estimation. The analysis allows to distinguish between rents that accrue due to single bank lending, rents that accrue due to …