We interview 379 European bank CEOs to identify their banks' main competitors. We then provide evidence on the drivers … of bilateral bank competition, construct a novel competition measure at the locality level, and assess how well it … explains variation in firms' credit constraints. We find that banks identify another bank as a main competitor in small …

individual bank's productivities at collecting deposits and making loans. We relate these measures to bank market values and find … that variation in deposit productivity explains the majority of cross-sectional variation in bank value. We show that …

We use a natural experiment and matched bank/firm data to identify the effects of bank guarantees on allocative …

taking. These results are tied to market shares and not driven by bank size or the level of concentration within local …

and Fortis Bank NL in the Dutch retail banking market. The financial crisis delayed the completion of the merger giving …

We argue that risk sharing motivates the bank-wide structure of bonus pay. In the presence of financial frictions that …