, small, and innovative firms) have a multitude of bank lenders, where one may be special in the sense of relationship lending …. However, theory does not tell us a lot about the economic rationale for relationship lending in the context of multiple bank … financing. To fill this gap, we analyze the optimal debt structure in a model that allows for multiple but asymmetric bank …

In 2018, bank lending to corporate customers is gradually gaining momentum mainly by means of rouble loans to non …

several different methods, such as bank loans, bonds, notes, structured products or new equity, available to obtain the … many respects, the issuance of bonds has a lot in common with borrowing from a bank. At the same time, it has its own …

We causally identify the implications of relaxing the Supplementary Leverage Ratio in April 2020 for bank balance sheet … affected bank liquidity provision in Treasury markets, and strongly affected banks' portfolio composition across asset classes … uniform leverage constraints can increase bank credit provision during economic downturns, in line with a precautionary cash …

In deciding whether to roll over a loan, a relationship bank that has imperfect private information about its borrowers … relationship bank if the firm is unable to find alternative lenders. This paper explores the differential effects of this trade … the results depend on factors such as the severity of a credit crisis, the strength of the firm-bank relationship and the …