Using bank level measures of competition and co-dependence, we show a robust negative relationship between bank … competition and systemic risk. Whereas much of the extant literature has focused on the relationship between competition and the … find that greater competition encourages banks to take on more diversified risks, making the banking system less fragile to …

contracts in Belgium. We analyse the effects of bank mergers on the probability of borrowers maintaining their lending …This paper studies the impact of bank mergers on firm-bank lending relationships using information from individual loan … relationships and on their ability to continue tapping bank credit. The environment reflects a number of interesting features: high …

contracts in Belgium. We analyse the effects of bank mergers on the probability of borrowers maintaining their lending …This paper studies the impact of bank mergers on firm-bank lending relationships using information from individual loan … relationships and on their ability to continue tapping bank credit. The environment reflects a number of interesting features: high …

A common assumption in the academic literature is that franchise value plays a key role in limiting bank risk …-taking. As market power is the primary source of franchise value, reduced competition in banking markets has been seen as … of market concentration do not affect bank risk-taking. However, we find a negative relationship between market power …

This paper presents evidence that personal relationships between corporate borrowers and bank loan officers improve the … outcomes of loan renegotiation. Analysing a bank reorganization in Greece in the mid-2010s, I find that firms that experience …

This paper discusses the relationship between bank size and risk-taking under Pillar I of the New Basel Capital Accord …. Using a model with imperfect competition and moral hazard, we find that small banks (and hence small borrowers) may profit … pushes them towards higher risk-taking due to fiercer competition. This may even lead to higher aggregate risk in the economy. …

transfer ; credit derivatives ; public and private information ; access to credit ; bank competition …We present a banking model with imperfect competition in which borrowers’ access to credit is improved when banks are … of CRT generally increases welfare in our setup. However, under private information, higher competition induces an …

We analyze the relationship between bank size and risk-taking under the New Basel Capital Accord. Using a model with … imperfect competition and moral hazard, we show that the introduction of an internal ratings based (IRB) approach improves upon … a competitive advantage and, due to fiercer competition, pushes smaller banks to take higher risks. This may even lead …

We present a banking model with imperfect competition in which borrowers' access to credit is improved when banks are … of CRT generally increases welfare in our setup. However, under private information, higher competition induces an …