strategy if banks think long-term. If banks are myopic no information sharing may occur. …

We test whether financial fluctuations affect firms' decisions, through their impact on banks' cost of funding. We …-2012 sovereign debt crisis. Using newly available data linking over 3,000, mostly privately-held, non-financial firms to their bank(s …), we find that increases in Italian banks' CDS spreads and decreases in their equity valuations lead younger and smaller …

sovereign debt crisis. Using newly available data linking over 3,000, mostly privately held, non-financial firms to their bank(s …

production economy with stochastic liquidity shocks to the household sector, banks serve to provide optimal intertemporal … problem, it is too narrow to consider solely the role of banks as providers of liquidity. The paper develops a model with … several investment opportunities in which banks have the additional function of asset diversification. …

I address the following issue in this paper: how does information sharing among banks about borrowers affect banks … sharing among banks reduces lenders' risk and results in lower lending rates than any other arrangement. This may be the … rates than any other form of information sharing under fairly general conditions. Despite its lucrative features, banks are …

En este artículo se estudia la privatización de un grupo de bancos públicos provinciales en Argentina en 1993-2001. En … eficiencia económica, este estudio se enfoca en dos cuestioness: i) evaluar si la privatización de los bancos públicos … provinciales produjo un incremento en el uso del poder de mercado por parte de aquellos bancos públicos provinciales privatizados y …

En este artículo se estudia la privatización de un grupo de bancos públicos provinciales en Argentina en 1993-2001. En … eficiencia económica, este estudio se enfoca en dos cuestioness: i) evaluar si la privatización de los bancos públicos … provinciales produjo un incremento en el uso del poder de mercado por parte de aquellos bancos públicos provinciales privatizados y …

Recent experience from Europe and Japan shows that commercial banks generally pass negative short-term policy rates on … to negative deposit rates, banks keep deposit rates at zero as policy rates decline, while accepting squeezed and …) market expectations about the future policy rate. A calibration of the model indicates how low central banks could …

Recent experience from Europe and Japan shows that commercial banks generally pass negative short-term policy rates on … to negative deposit rates, banks keep deposit rates at zero as policy rates decline, while accepting squeezed and …) market expectations about the future policy rate. A calibration of the model indicates how low central banks could …

deposits and performance in banking. Particularly, we analyze banking privatization when competitive strategies of the Cournot … criteria: (i) efficiency, (ii) market power/financial stability and (iii) consumption availability for depositors. They also …