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- W3122275587 abstract "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 costly to discipline underperforming borrowers by stopping their projects. Lending relationships become too cozy, interest rates rise, and loan performance deteriorates." @default.
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- W3122275587 date "2012-12-20" @default.
- W3122275587 modified "2023-09-27" @default.
- W3122275587 title "Banking Competition and Soft Budget Constraints: How Market Power can threaten Discipline in Lending" @default.
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