We develop a framework to explore the effect of credit ratings on loan origination and securitization. In the model …

thrive on the expense of others. Our results suggest that better access to credit can improve the allocation of resources …Brazil's 2005 bankruptcy law reform strengthened creditor protection, resulting in a substantial acceleration of credit …-creditor reform affected the allocation of resources across firms. We find evidence that the reform was particularly effective in …

have despite this received scant attention in the credit-line literature. In this paper, I study the liquidity …

We exploit a nation-wide introduction of mandatory disclosure of borrowers' total credit exposures and show that … sharing such information increases credit access independent of borrowers' history. Differentiating between borrowers applying … history, we find an overall increase in credit access measured by both loan application acceptance and credit amount. While …

housing markets better than net loans. Moreover, credit supply restrictions during the crisis are estimated to be smaller …

bank credit reallocation with endogenous firm entry and exit that allows for both theoretical and quantitative analysis. By … also redirect existing credit to more productive entrants. This reduces banks' dependence on household deposits that are …

bank credit reallocation with endogenous firm entry and exit that allows for both theoretical and quantitative analysis. By … also redirect existing credit to more productive entrants. This reduces banks’ dependence on household deposits that are …

screen out high credit risk and potentially increase access to credit for small business owners in Peru. We use … entrepreneurs who were offered a loan based on the traditional credit-scoring method versus the EFL tool. We find that the … entrepreneurs - i.e., those with a credit history. For unbanked entrepreneurs - i.e., those without a credit history - using the EFL …

entry of a remote, specialized lender to estimate the impact of specialized lending on credit access. Entry significantly … can deepen credit markets by providing new loans to low-risk but underfinanced small businesses …