The paper investigates the use of collateral in the Argentine banking system by exploiting a rich dataset administered … cons of pledging collateral in the context of the modern asymmetric information approach to banking. Afterward, the … a broad sample of firms. Descriptive and econometric results lend support to the traditional view that banks ask more …

Creditors often share information about their customers' credit records. Besides helping them to spot bad risks, this … default on one lender would disrupt their credit rating with all the other lenders. This increases their incentive to perform …

lending in the sense that some socially productive firms are denied credit due to excessively high interest rate. …

Why do banks remain passive? In a model of bank-firm relationship we study the trade-off a bank faces when having … about a firm's type to its competitors. Thereby, asymmetric information between banks is reduced and bank competition … intensifies. We find that the better the institutions and the more competitive the banking sector, the higher the bank's incentive …

prices and defaults on average, reducing credit supply, banks' market power can mitigate these negative effects … credit. We estimate a structural model of credit demand, loan use, pricing, and firm default using matched firm-bank data … of demand for credit and default. Our counterfactual experiments show that while increases in adverse selection increase …

Why do banks remain passive? In a model of bank-firm relationship we study the trade-off a bank faces when having … about a firm's type to its competitors. Thereby, asymmetric information between banks is reduced and bank competition … intensifies. We find that the better the institutions and the more competitive the banking sector, the higher the bank's incentive …

As the euro area has a predominantly bank-based financial system, changes in the composition and strength of banks … developments in banks’ balance sheets, profitability and risk-bearing capacity and analyses their relevance for monetary policy. We …

-policy, particularly with respect to credit renegotiation efficiency. We find that a significant, yet limited, degree of relationship … coordination failure by their banks. …

that such heterogeneous multiple bank financing leads to a lower probability of ineefficient credit foreclosure than both … profits, the probability of ineefficient credit-renegotiation is shown to decrease along with the relationship bank …

violations. A series of analyses suggest that part of this decline in disclosure reflects a delegation of monitoring to banks by …