Format:
1 Online-Ressource (19 p)
Series Statement:
Tinbergen Institute Discussion Paper 12-146/DSF49/IV
Content:
In imperfectly competitive credit markets, banks can face a tradeoff between exploiting their market power and enforcing hard budget constraints. As market power rises, banks eventually find it too costly to discipline underperforming borrowers by stopping their projects. Lending relationships become "too cozy", interest rates rise, and loan performance deteriorates
Note:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 19, 2012 erstellt
Language:
English
DOI:
10.2139/ssrn.2191962
