allocation and social welfare. Improvements in accounting standards, however, always make bank screening of borrowers less costly …

An individual bank can put the whole banking system at risk if its losses in response to shocks push losses for the …

alternative measures of bank performance, based on alternative efficiency definitions, by employing a directional distance … function framework, along with a cost frontier and a profit function. As a second step, we calculate a Merton type bank default … substantial. There is some evidence of a reverse causation, but the impact of a shock in bank inefficiency on risk is small and …

transition countries. The survey contains details on 3,105 recent bank loans. At the firm level, our findings suggest that firms …. However, foreign bank presence, weak corporate governance and the absence of capital controls encourage foreign currency …

This paper develops an optimization model that describes the decision process of a representative commercial bank in an … uncertain environment. In the proposed model the magnitude of deposits and bank loans are driven by diffusion stochastic … generates closed-form solutions for the prices of the bank services that maximize its benefit, and from such prices the …

concentration and foreign ownership are associated to bank-based financial systems and financial underdevelopment. They also show … that banking credit and bank-based financial systems enhance banking fragility. Banking concentration is not a significant …