asymmetries within the bank combined with fixed wages. Two kinds of inefficiencies arise in equilibrium: the credit officer either … bank accepts the information asymmetries, is called the centralized structure. Under decentralized structure the bank … finance more small firms, but incur higher costs than centralized ones. Small banks are interpreted as a bank with relatively …

and Fortis Bank NL in the Dutch retail banking market. The financial crisis delayed the completion of the merger giving …

. 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 …

credit. We estimate a structural model of credit demand, loan use, pricing, and firm default using matched firm-bank data …

We model how an information asymmetry between the lending bank and the applying firm about the currency structure of …

We analyze the relationship between bank size and risk-taking under the New Basel Capital Accord. Using a model with …

This paper studies the effects of the bank capital requirements imposed by the European authorities in October 2011 on … granted by a representative Spanish bank and several subsidiaries to nonfinancial corporations around that date. We document …