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
ABSTRACT Context: the financial market has experienced sharp restructuring and mergers in recent decades. As banks expand the scope of their activities, they raise concerns about the impact on the sec
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
