Although bank letters of credit are considered the lifeblood of international commerce, there is little empirical evidence on their role in intermediating international trade transactions in the U.S. In this paper, we investigate if and to what extent commercial letters of credit (CLCs) provided...

"Community banks - generally small and locally focused institutions - are important sources of credit to small businesses. Since the 2007-2009 financial crisis, regulators have made significant changes to the regulatory environment. Chapter 1 examines the data regulators use to measure small...

This book provides a first-hand account of the founding, ascent, and dissolution of Silicon Valley Bank (SVB), a tech community bank founded in 1982 with USUSD5 million that became the nation's 13th largest bank and tech industry's lender and bank. In this pathbreaking work, which challenges...

Our research examines the impact of dwindling community bank numbers on community investment and economic development. Initially, we confirm the vital role of community banks' small business lending in local development. Contrary to popular belief, we find that a decrease in community banks...