asymmetric information the banks face the risk of adverse selection. Credit Value-at-Risk (CVaR) regulation counters the problem … distorts the operation of credit markets. We show that a binding CVaR constraint introduces credit rationing and lowers social …

information advantage of local lenders, such as small business credit scoring, lead to a greater use of collateral in lending …

The effects of bank competition and institutions on credit markets are usually studied separately although both factors … credit contract) and explicitly capture the impact of the institutional environment. Most importantly, we show that the … environment. We predict that firms' access to credit increases in bank competition if institutions are weak but bank competition …

based on the theory of relationship lending and lending technologies …

Using a unique dataset of credit card mailings, we show that during the recent credit boom, consumers with mediocre … credit scores received more credit card solicitations than those with high credit scores. However, this relationship reversed …, were not excluded from the credit market, but received fewer and less-favorable o ers, especially as they approach being …