Most aggregate theories of financial frictions model credit available at a single cost of financing but rationed. However, using a comprehensive firm-level credit registry, we document both high level
This study aims to contribute to the existing literature that explores the impact of market concentration on bank efficiency in emerging economies. Using a sample of 225 banks in 18 countries in the M
This paper examines the effect of the ongoing banking reforms on bank efficiency and bank competition within the efficient structure (ES) and the structure-conduct-performance (SCP) framework for the
