Does enhancing banks' information sets and understanding of credit risks improve loan loss recognition? We study this … question using a global dataset of staggered initiations and coverage increases of public credit registries (PCRs). Mandated by …

and how this, in turn, affects the level of credit risk in the economy. Our findings reveal that enhanced competition … reduces lending cost thus encouraging the entry of new customers in credit markets. Also, that the transportation cost that …. We further lend support to the view that stiffer competition has an increasing impact on the level of credit risk …

credit. We estimate a structural model of credit demand, loan use, pricing, and firm default using matched firm-bank data … of demand for credit and default. Our counterfactual experiments show that while increases in adverse selection increase … prices and defaults on average, reducing credit supply, banks' market power can mitigate these negative effects …

loan offers of informed lenders to bargain for better terms of credit elsewhere. In anticipation of this problem, banks … version of the model, the distortions from free-riding create inefficient boom-bust cycles in lending: credit is poorly …