Using a unique dataset, which combines bank organizational variables, information on lending techniques, firms' credit … crisis period. Our main findings suggest that the variables shaping the organization of a bank in its lending activity to non … local branch managers (LBM) were likely to expand loans at a higher rate. Finally, contrary to the evidence referred to the …

commercial banks, as well as the crisis itself. We rely on the data of the Bank of Estonia. Unfortunately, only consolidated data …

runs, and face a threat of entry. Higher competition increases deposit rates and bank fragility, resulting in an … intermediate socially optimal level of bank competition. We provide a novel theory of bank opacity. The cost of opacity is more … is to deter entry of competitors, which increases bank charter value. Banks can be excessively opaque, motivating …