concentration of credit relationships and the position of a bank in the network topology of the system influence the bank’s ability … by the individual banks in the European Central Bank’s (ECB) weekly repo auctions. The bids measure each bank …’s willingness to pay for liquidity since they had variable rate tenders with a “pay-your-bid” price. Controlling for bank …

This paper proposes a stochastic model of a bipartite credit network between banks and the non-bank corporate sector … that encapsulates basic stylized facts fond in comprehensive data sets for bank-firm loans for a number of countries. When …

This paper proposes a stochastic model of a bipartite credit network between banks and the non-bank corporate sector … that encapsulates basic stylized facts found in comprehensive data sets for bank-firm loans for a number of countries. When …

characteristic, specifically the borrower's network strength, helps reduce costs by altering the bank's lending decisions. The … theoretically model the lender's decision making problem with network effect. We specifically examine how a bank sets the interest … out better borrowers. Finally, bank's substitute monitoring effort with network strength for a more feasible interest rate …

Bank credit, as a means of payment, circulates in a circuit: It is first originated from the banking system, then used …

estimate the value that membership in large yet diffuse networks brings in terms of access to bank credit and improving … percent of all firms, it accesses two-thirds of all bank credit. We estimate the value of joining this giant network by …

intermediation, in particular bank lending. We investigate the effect of financial institutions' network and reputation on the … certification value of bank loans using data on syndicated loans to European companies. We find that the presence of more central …