Bank liquidity provision across the firm size distribution
We use supervisory loan-level data to document that small firms (SMEs) obtain shorter
maturity credit lines than large firms, post more collateral, have higher utilization rates, and …
maturity credit lines than large firms, post more collateral, have higher utilization rates, and …
Banking research in the time of COVID-19
AN Berger, A Demirgüç-Kunt - Journal of Financial Stability, 2021 - Elsevier
Despite the devastating worldwide human and economic tolls of the COVID-19 crisis, it has
created some positive economic and financial surprises and opportunities for research. This …
created some positive economic and financial surprises and opportunities for research. This …
Bank systemic risk around COVID-19: A cross-country analysis
Abstract Using 1,584 listed banks from 64 countries during the COVID-19 pandemic, we
conduct the first broad-based international study of the effect of the pandemic on bank …
conduct the first broad-based international study of the effect of the pandemic on bank …
Financial intermediation and the funding of biomedical innovation: A review
AW Lo, RT Thakor - Journal of Financial Intermediation, 2023 - Elsevier
We review the literature on financial intermediation in the process by which new medical
therapeutics are financed, developed, and delivered. We discuss the contributing factors that …
therapeutics are financed, developed, and delivered. We discuss the contributing factors that …
Competition, capital growth and risk-taking in emerging markets: Policy implications for banking sector stability during COVID-19 pandemic
This paper investigates how banking competition and capital level impact on the risk-taking
behavior of banking institutions in the Middle East and North Africa (MENA) region. The topic …
behavior of banking institutions in the Middle East and North Africa (MENA) region. The topic …
Financial intermediation services and competition analyses: Review and paths forward for improvement
Financial intermediation has distinct value from transforming financial claims to create
liquidity and mitigate risks. However, research and policy competition analyses often neglect …
liquidity and mitigate risks. However, research and policy competition analyses often neglect …
COVID-19, policy interventions and credit: The Brazilian experience
The COVID-19 pandemic caused a global health and economic crisis to which governments
responded with massive policy interventions. Using Brazil as a testing ground, we …
responded with massive policy interventions. Using Brazil as a testing ground, we …
Piercing through opacity: Relationships and credit card lending to consumers and small businesses during normal times and the COVID-19 crisis
We build a bridge between relationship lending and transactions lending—investigating
relationship effects on contract terms for credit cards, a relatively pure transactions-lending …
relationship effects on contract terms for credit cards, a relatively pure transactions-lending …
This time is really different: The multiplier effect of the Paycheck Protection Program (PPP) on small business bank loans
MU Karakaplan - Journal of Banking & Finance, 2021 - Elsevier
In response to the COVID-19 crisis, the US government passed the Coronavirus Aid, Relief,
and Economic Security (CARES) Act on March 27, 2020, creating the Paycheck Protection …
and Economic Security (CARES) Act on March 27, 2020, creating the Paycheck Protection …
Concierge treatment from banks: Evidence from the paycheck protection program
We use loans that were extended to public firms through the Paycheck Protection Program
(PPP) as a laboratory to separate between favoritism and informational advantages in …
(PPP) as a laboratory to separate between favoritism and informational advantages in …