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evidence that: (1) fees are used to price options embedded in loan contracts such as the draw-down option for credit lines and … the cancellation option in term loans; and (2) fees are used to screen borrowers about the likelihood of exercising these …
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"The last 35 years have been dramatic for the financial services industry. In the 1990s and 2000s, boundaries between the traditional industry sectors, such as commercial banking and investment banking, broke down, and competition became increasingly global in nature. Many forces contributed to...
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Why are financial "institutions special" -- Financial services : depository institutions -- Financial services : finance companies -- Financial services : securities brokerage and investment banking -- Financial services : mutual funds and hedge funds -- Financial services : insurance -- Risks...
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