Do loan commitments cause overlending?

Journal of Money, Credit and Banking

Volumn 37, Issue 6, 2005, Pages 1067-1099

  Thakor, Anjan V ^a  

^a WASHINGTON UNIVERSITY IN ST LOUIS   (United States)

Author keywords

Asymmetric information; Banking; Financial intermediation

Indexed keywords

EID: 30344478231     PISSN: 00222879     EISSN: None     Source Type: Journal    
DOI: 10.1353/mcb.2006.0009     Document Type: Review

References (30)

1. Allen, Franklin (1990). "The Market for Information and the Origin of Financial Intermediation." Journal of Financial Intermediation 1, 3-30.
2. Ayuso, Juan, Daniel Pérez, and Jesús Saurina (2004). "Are Capital Buffers Pro-cyclical? Evidence from Spanish Panel Data." Journal of Financial Intermediation 13, 248-264.
3. Banks, Jeffrey, and Joel Sobel (1987). "Equilibrium Selection in Signaling Games." Econometrica 55, 647-661.
4. Berger, Allen, and Gregory F. Udell (1992). "Some Evidence on the Empirical Significance of Credit Rationing." Journal of Political Economy 100, 1047-1077.
5. Bernanke, Ben, and Mark Gertler (1989). "Agency Costs, Net Worth, and Business Fluctuations." American Economic Review 79, 14-31.
6. Best, Ronald, and Hang Zhang (1993). "Alternative Information Sources and the Information Content of Bank Loans." Journal of Finance 48, 1507-1522.
7. Billett, Matthew T., Mark J. Flannery, and Jon A. Garfinkel (1995). "The Effect of Lender Identity on a Borrowing Firm's Equity Return." The Journal of Finance 50, 699-718.
8. Boot, Arnoud W. A. (2000). "Relationship Banking: What Do We Know?" Journal of Financial Intermediation 9, 7-25.
9. Boot, Arnoud, Stuart Greenbaum, and Anjan Thakor (1993). "Reputation and Discretion in Financial Contracting." The American Economic Review 83, 1165-1183.
10. Boot, Arnoud, and Anjan Thakor (2000). "Can Relationship Banking Survive Competition?" Journal of Finance 55, 679-714.
11. Boot, Arnoud, Anjan Thakor, and Gregory Udell (1987). "Competition, Risk Neutrality and Loan Commitments." Journal of Banking and Finance 11, 449-472.
12. DeCamps, Jean-Paul, Jean-Charles Rochet, and Benôit Roger (2004). "The Three Pillars of Basel II: Optimizing the Mix." Journal of Financial Intermediation 13, 132-155.
13. Dell'Ariccia, Giovanni, Ezra Friedman, and Robert Marquez (1999). "Adverse Selection as a Barrier to Entry in the Banking Industry." RAND Journal of Economics 30, 515-534.
14. Dine, Serdar (2000). "Bank Reputation, Bank Commitment, and the Effects of Competition in Credit Markets." Review of Financial Studies 13, 781-812.
15. Duca, John V., David D. Vanhoose (1990). "Loan Commitments and Optimal Monetary Policy." Journal of Money, Credit, and Banking 22, 178-194.
16. James, Christopher (1987). "Some Evidence on the Uniqueness of Bank Loans." Journal of Financial Economics 19, 217-235.
17. Kane, Edward, and Burton Malkiel (1965). "Deposit Variability, Bank-portfolio Allocation and the Availability Doctrine." Quarterly Journal of Economics 79, 113-134.
18. Kashyap, Anil, Raghuram Rajan, and Jeremy Stein (2002). "Banks as Liquidity Providers: an Explanation for the Coexistence of Lending and Deposit-taking." Journal of Finance 57, 33-74.
19. Kreps, David, and Robert Wilson (1982). "Sequential Equilibrium." Econometrica 50, 863-894.
20. Mill, John Stuart (1965). Principles of Political Economy. New York: Kelly Publishers.
21. Morgan, Donald P. (1994). "Bank Credit Commitments, Credit Rationing, and Monetary Policy." Journal of Money, Credit, and Banking 26, 87-101.
22. Rajan, Raghuram, G. (1992). '"Insiders and Outsiders': the Choice Between Informed and Arm's-length Debt." Journal of Finance 47, 1367-1400.
23. Rajan, Raghuram G. (1994). "Why Bank Credit Policies Fluctuate: a Theory and Some Evidence." Quarterly Journal of Economics 109, 399-442.
24. Ramakrishnan, R.T.S., and Anjan V. Thakor (1984). "Information Reliability and a Theory of Financial Intermediation." Review of Economic Studies 51, 415-432.
25. Sharpe, Steven (1990). "Asymmetric Information, Bank Lending and Implicit Contracts: a Stylized Model of Customer Relationships." Journal of Finance 45, 1069-1087.
26. Shockley, Richard L. (1995). "Bank Loan Commitments and Corporate Leverage." Journal of Financial Intermediation 4, 272-301.
27. Shockley, Richard, and Anjan Thakor (1997). "Bank Loan Commitments: Data, Theory, and Tests." Journal of Money, Credit, and Banking 29, 517-534.
28. Stiglitz, Joseph, and Andrew Weiss (1981). "Credit Rationing in Markets with Imperfect Information." American Economic Review 71, 393-410.
29. Thakor, Anjan (1996). "Capital Requirements, Monetary Policy and Aggregate Bank Lending: Theory and Empirical Evidence." Journal of Finance 51, 279-324.
30. Woodford, Michael (1996). "Loan Commitments and Optimal Monetary Policy." Journal of Monetary Economics 37, 573-605.