Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 8 of 8 for “"lending relationships"”.
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Bank Lending and Relationship Capital
I develop an equilibrium theory of bank lending relationships in an economy subject to search frictions and limited enforceability. The model features a dynamic contracting problem embedded within a directed search equilibrium with aggregate and bank-specific uncertainty. The interaction between …
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Essays on Macroeconomics and Banking
… to establish a small number of concentrated lending relationships to facilitate information acquisition by their lenders. Tightening credit standards reduces the rate of non-performing loans, but it also decreases the availability of credit. In response, firms strengthen their lending …
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Essays in corporate finance
… corporate finance with an emphasis on banking relationships and its effect on liquidity constraints and business growth. In particular, it investigates the effect of monetary capital and human capital constraints and the role of banking relationships to relax both constraints. The first essay …
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Essays in corporate finance and taxation
… borrowers, making banks more willing to begin lending relationships with borrowers whose projects are characterized by substantial asymmetric information or delayed payoffs. In the second essay, I reconsider the distortionary impact that the U.S. corporate and personal tax systems may have on …
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Private Debt Syndicates: Governance, Networks, and Syndicate Structure
… are mitigated, but not eliminated, by previous lending relationships between borrowers and lenders and previous lead-participant syndications.</p>
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Two Essays on Lending and Monitoring
… using a novel identification approach based on lending relationships. Using a large dataset of syndicated loans originated in the US over the period from 1995-2008, I find that borrowers trade off monitoring benefits with covenant-created hold-up costs, such that the effect of lending …
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The effects of crisis on the interbank markets and sovereign risk: empirical investigations
… one, we empirically explore the effect of bank lending relationships in the interbank market. We use data from the e-MID market that represents the only transparent electronic platform in Europe and the United States, unaffected by search costs and other actions. We show that stable …
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Essays in Monetary and Macroprudential Policies
… a banking sector enriched by incorporating the lending relationships - deep habits - in the credit markets. I analyze simple and augmented Taylor rules, and I find that the presence of deep habits in the credit markets matters for the equilibrium determinacy. The deep habits parameter, the …