What is it about?
Using a sample of 23,341 bank loans in 44 countries during the period 2005–2019 we examine how interest rates, collateral, maturity, amounts, and ownership of bank loans are influenced by the degree of penetration of credit bureaus and public credit registries.
Featured Image
Photo by Cory Woodward on Unsplash
Why is it important?
This paper shows that the degree of coverage of public credit registries and credit bureaus shapes the characteristics of bank loans. The use of borrower-level data instead of aggregated data allows us to test the direct effects of credit information sharing on loan characteristics. We also use straightforward measure of the cost of debt and other characteristics of bank loans. Additionally, we study how credit sharing information influences loan syndication structure.
Read the Original
This page is a summary of: How does credit information sharing shape bank loans?, The Quarterly Review of Economics and Finance, June 2024, Elsevier,
DOI: 10.1016/j.qref.2024.03.004.
You can read the full text:
Contributors
The following have contributed to this page
