We investigate bank loans' specialness with a particular focus on the recent boom and bust cycle. We perform an … January 2000 and December 2009. We find a significant and negative reaction to bank loan announcements which is mostly driven … by loan provided during the crisis period. We also document significant changes in bank behavior over the boom and bust …

We investigate bank loans' specialness with a particular focus on the recent boom and bust cycle. We perform an … January 2000 and December 2009. We find a significant and negative reaction to bank loan announcements which is mostly driven … by loan provided during the crisis period. We also document significant changes in bank behavior over the boom and bust …

In this paper we explore the effects of bank-borrower physical proximity on price and non-price aspects of small … business lending in local credit markets. Along the price dimension, our analysis reveals that interest rates increase with … bank-borrower distance and decrease with the distance between borrower and other competing banks. Along the quantity …

effect of bank market power is ambiguous. I exploit a 2012 policy intervention in Italy, designed to foster firm creation in …This paper studies how bank market power affects firm creation in innovative industries. Theoretically, I show that the … innovative industries through public bank guarantees. The policy increased firm creation in innovative industries by 50%, but the …

unique data set that covers almost all bank-firm relationships in Italy in the period 2004-2013, we find that, during the …Do banks with low capital extend excessive credit to weak firms, and does this matter for aggregate efficiency? Using a … Eurozone financial crisis: (i) Under-capitalized banks were less likely to cut credit to non-viable firms. (ii) Credit …