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This paper studies how bank market power affects firm creation in innovative industries. Theoretically, I show that the … effect of bank market power is ambiguous. I exploit a 2012 policy intervention in Italy, designed to foster firm creation in … innovative industries through public bank guarantees. The policy increased firm creation in innovative industries by 50%, but the …
Persistent link: https://www.econbiz.de/10013251566
hampered the smooth transmission of accommodative monetary policy. Using bank level data from 2007 to 2015, we directly measure … bank in the same month for loans to small and large firms (the "Small Firm Financing Premium", SFFP). We assess the role … played by both bank and macroeconomic factors in explaining the variation in the SFFP across countries and through time. We …
Persistent link: https://www.econbiz.de/10011697389
This article investigates the short-term and long-term effects of bank market power on the availability of credit for … companies, and on firm investment. Our results suggest that an increase in bank market power reduces firms' credit availability …
Persistent link: https://www.econbiz.de/10012982507
credit for non-financial firms. Our results suggest that bank competition increased during the 2006-2008 period–even as … concentration increased–but decreased thereafter. Using a unique combination of loan, firm and bank-level datasets we are also able … existence of market power that is specific to the bank-firm relationship (i.e., informational lock-in and hold-up problems due …
Persistent link: https://www.econbiz.de/10012863609
I study the impact of banking market concentration and wholesale funding reliance on the transmission of monetary policy shocks to mortgage rates. I empirically demonstrate that in the United States, banks with higher reliance on wholesale funding in concentrated (competitive) deposit markets...
Persistent link: https://www.econbiz.de/10014293351
that geographic diversification and distance between bank branches and headquarters do not affect the performance of the …. The study recommends an important policy regarding branch management and its effect on bank performance. …
Persistent link: https://www.econbiz.de/10014319534
Bank market power, both in the loan and deposit market, has important implications for credit provision and for … identifies relevant channels that deserve further analysis, especially given the rising importance of bank market power for …
Persistent link: https://www.econbiz.de/10014484222
interest rate policy period, change in banks' competitive behaviour affected the bank lending channel and discouraged banks …
Persistent link: https://www.econbiz.de/10013553575
policy period, change in banks’ competitive behaviour affected the bank lending channel and discouraged banks from taking …
Persistent link: https://www.econbiz.de/10014257207
A model of imperfectly competitive banks is examined under asymmetric information about borrower quality. Greater bank … empirical results on the relationship between bank competition and financial stability. The model can be used to define a …
Persistent link: https://www.econbiz.de/10013028276