Credit rationing and the use of collateral are widely observed in debt financing. To our view there is yet no … appropriate theoretical explanation for these facts. In the standard debt financing models the occurrence of credit rationing can … collateral is limited. In our model we show that credit rationing and the use of collateral are always necessary for debt …

While the balance sheet structure of U.S. banks influences how they respond to liquidity risks, the mechanisms for the …-sectional differences in response to liquidity risk depend on the banks' shares of core deposit funding. By contrast, differences across … global banks (those with foreign affiliates) are associated with ex ante liquidity management strategies as reflected in …

. Liquidity shocks to prime brokers can lead to cycles of deleveraging that produce losses at funds and potentially have harmful … effects on financial market function and credit provision. While the hedge fund-prime broker credit network is highly … concentrated, the average hedge fund in our sample borrows from three prime brokers and has a total credit exposure of $2 …

For the emerging peer-to-peer (P2P) lending markets to survive, they need to employ credit risk management practices …-of-sample framework, our approach overwhelmingly dominates standard credit scoring models that are based on labeling loans as either … significantly--almost 2.5 times--higher when using our profit scoring approach compared to the standard credit-scoring model based …

lenders of bank loans. Reference firms are also less likely to terminate loans prematurely or refinance with different lenders … contributes to understanding how financial innovations alter bank-lending relationships …

affect house prices through the supply of credit and that bank specialization thereby plays an important role in the …I study the effects of an increase in the supply of local mortgage credit on local house prices and employment by … dissatisfied retail customers from a large, universal bank, UBS, to homogeneous local mortgage lenders. Mortgage lenders located …

that local mortgage oriented banks affect house prices through the supply of credit and that bank specialization thereby …I study the effects of an increase in the supply of local mortgage credit on local house prices and employment by … customers from a large, universal bank (UBS) to homogenous local mortgage lenders in mid-2008. Mortgage lenders close to UBS …