This paper evaluates the imposition of caps on microcredit lending rates through directed credit policies for …

' choice between cash and lines of credit as a source of liquidity. I find that customer risk decreases the reliance on bank … factors affecting the choice between cash and lines of credit. A one standard deviation increase in customer risk is … associated to a significant 1.48% up to 2.44% (depending on the measure used) decrease of the ratio of opened lines of credit to …

We build a model of investment and financing decisions to study the choice between bonds and bank loans in a firm … bargaining power in default, operating in more competitive product markets, and facing lower credit supply are more likely to …

correlated credit risk, the IRB rules should require 45% lower capital requirements for small business loans than what the Basel …

correlated credit risk, the IRB rules should require 45% lower capital requirements for small business loans than what the Basel …

Using novel data on 1,240 credit agreements, we investigate sources of contractual complexity in the leveraged loan … agreements, and a larger non-bank funding of a loan is conducive to weaker contractual terms. Weak covenants translate to …

' choice between cash and credit lines. I show that customer risk decreases the reliance on bank-managed liquidity insurance … relative to cash. I also find evidence indicating that firms actively shy away from credit lines in response to customer risk …-customer-risk firms are particularly more likely to be subject to (stricter) borrowing base provisions, which tie the value of a credit …