We explore Lithuanian credit register data and two bank closures to provide a novel estimate of firms' bank …-switching costs and a novel identification of the hold-up problem. We show that when a distressed bank's closure forced firms to …' reputational concerns, a healthy bank's closure revealed no overcharging. To policy-makers, our results suggest potential benefits …

based on the theory of relationship lending and lending technologies …

. Using rich data on firm-bank relationships in Germany, we show that: Firstly, intangible assets can be used to proxy … significantly determines firms' choice of an exclusive and persistent bank relation. Finally, relationship banking is (potentially …