since the mid-1930s when banks invented the term loan. Concurrently, bank innovation first involved the invention of credit … analysis and covenant design. Later, bank innovation included the advent of loan sales, increased loan syndications, the … calibrate a model of bank innovation to determine the quantitative contribution of bank innovation to economic growth …

widespread stress, with adverse affects on bank intermediation thereafter. We discuss the bank capital and the bank funding … conclude by discussing the increasing extension of bank credit lines to non-bank financial intermediaries, as well as the role …

The amount of information produced about firms' productivities and about the quality of collateral backing their loans … information about collateral depreciates. A financial crisis happens when information about collateral is suddenly generated …

SMEs borrow from smaller banks and smaller banks have stronger relationships with their borrowers (Berger, Miller, Petersen …

We study the demand for government participation in China's venture capital and private equity market. We conduct a …

This paper documents the role of the collateral lending channel to facilitate small business starts and self … startup capital and can thus more easily be financed out of increases in housing as collateral; (2) manufacturing industries …

By comparing uncollateralized business loans made by a big tech lending program with conventional bank loans, we find … far before maturity and borrow more frequently. These patterns remain for borrowers with access to bank credit. Our …

. This model generates dynamic relationships between foreign capital inflows, domestic investment and domestic bank debt in … accumulation of bank debt and increasing concentration of domestic lending and investment to the anticipation of contingent … domestic bank intermediation of foreign capital inflows under exchange rate pegs …