Flight To Quality Or To Captivity? Information And Credit Allocation
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Originally published | February 2001 |
Authors | Giovanni Dell'Ariccia |
Robert Marquez | |
Date of Reg. | |
Date of Upd. | |
ID | 1461271 |
About Flight To Quality Or To Captivity? Information And Credit Allocation
Superior information exchanged over the course of lending relationships generates bank-client specificities to the extent that such information cannot be communicated credibly to outsiders. Consequently, banks obtain higher profits from more captured borrowers than from borrowers with financing alternatives. . . .