examination of credit files of five leading German banks, thus relying on information actually used in the process of bank credit … decision-making and contract design. In particular, bank internal borrower ratings serve to evaluate borrower quality, and the … bank's own assessment of its housebank status serves to identify information-intensive relationships. Additionally, we used …

In this paper, I estimate the magnitude of an informational friction limiting credit reallocation to firms during the … to all lenders but unobservable to the econometrician by using bank shocks within a discrete choice model of … relationships. Quantitatively, these informational frictions appears to be too small to explain the credit crunch in the U …

The purpose of this note is to point out an omission in an important paper by Sharpe (1990) on long-term bank …

The widespread evidence of multiple bank lending relationships in credit markets suggests that firms are interested in …

Can banks trade credit default swaps (CDSs) referenced on their current corporate clients at competitive prices, or are …

We studied information and interaction processes in six lending relationships between a universal bank and medium sized … firms. The study is based on the credit files of the respective firms. If no problems occur in these lending relationships …, bank monitoring is based mainly on cheap, retrospective and internal data. In case of distress, more expensive, prospective …