Do lending relationships mitigate credit rationing? Does securitization influence the impact of lending relationships on credit rationing? If so, is its impact differently in normal periods versus crisis periods? This paper combines several unique data sets to address these questions. Employing...

Do lending relationships mitigate credit rationing? Does securitization influence the impact of lending relationships on credit rationing differently in normal periods versus crisis periods? This paper combines several unique data sets to address these questions. Employing a disequilibrium model...

Banks have been heavily involved in securitization. We study whether the involvedness of a firm's main bank into different types of securitization activity – asset backed securities (ABS) and covered bonds – influences credit supply before and during the 2007-8 financial crisis. Both types...