local governments and data from banks. Until 2011, of the outstanding bonds issued during the boom in the local government …

Over the past one and a half years, the amount of credit granted by banks to Hungarian local governments has doubled … an effective restriction on debt, indebtedness in the sector is limited only by the market – i.e. banks’ lending … of coordination are not fully in place in Hungary. Our survey of banks underpins this assumption, revealing that due to …

more, which suggests that information asymmetries significantly contribute to switching costs. In line with banks … of distressed banks' closures. …

. We develop a repeated game in which banks come across each other frequently, allowing them to threaten a punishment in … case of free riding. As the number of lending banks grows, the chance of meeting again a bank and of being punished for … restructuring probability increases with the number of banks up to a threshold - three banks - beyond which coordination problems …

The moral hazard incentives of the bank safety net predict that distressed banks take on more risk and higher leverage … include financial crises and are subject to different regulatory regimes (1985–1994, 2005–2014). We find that distressed banks …

The relationship between banks and customers has contributed to several theories in banking economics. The quality of … the credit is crucial for banks. Banks classify the risk through quantitative and qualitative indicators. Quantitative … indicators are much used by banks, but qualitative indicators are also considered in credit risk evaluation. Taken together, they …

from banks to nonbanks, zombie firms file for bankruptcy at an elevated rate, suggesting that nonbanks' zombie lending does …We show that U.S. banks do not engage in zombie lending to firms of deteriorating profitability, irrespective of … for banks and nonbanks, and an empirical setting with quasirandom shocks to firm profitability. Although credit migrates …

The most recent round of state budget crises has resulted in calls to permit states to file for bankruptcy in order to … federal government and the states — and exacerbated by political agency problems. Accordingly, state bankruptcy proposals need … to be evaluated in political, rather than financial, terms.Bankruptcy can no more remake fiscal federalism than it can …