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Contribution Details
| Type | Working Paper |
| Scope | Discipline-based scholarship |
| Title | Sorry, we're closed: Loan conditions when bank branches close and firms transfer to another bank |
| Organization Unit | |
| Authors |
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| Language |
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| Institution | University of Zurich |
| Series Name | Banco de Portugal-Working Papers 2016 |
| Number | 7 |
| Date | 2016 |
| Abstract Text | We study loan conditions when bank branches close and firms subsequently transfer to a branch of another bank in the vicinity. Such transfer loans allow us for the first time to observe the conditions granted when banks pool-price new applicants. Consistent with recent theoretical work on hold up in bank-firm relationships we find that transfer loans do not receive the discount in loan rates that prevails when firms otherwise switch banks. We hereby critically augment recent empirical evidence on dynamic cycles in loan rates. |
| Free access at | Official URL |
| Official URL | https://www.bportugal.pt/sites/default/files/anexos/papers/wp201607.pdf |
| Related URLs | |
| Other Identification Number | merlin-id:13311 |
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