We study the transmission channels from central banks’ quantitative easing programs via
the banking sector when central banks start purchasing corporate bonds. We find evidence …

… can affect treatment and control group firms differently, that is, the outcome could also
depend on the interaction between d i and d , which we denote by d i d . The existence of a …

This paper documents a link between bank concentration and markups in nonfinancial sectors.
We exploit concentration-increasing bank mergers and variation in banks’ market shares …

We analyze pricing differences between US and European syndicated loans over the 1992–2014
period. We explicitly distinguish credit lines from term loans. For credit lines, US …

… 21 In Online Appendix D.9 we examine if loan or bond market predictability differs across
maturity. There is little variation in predictive power across maturity buckets suggesting that the …

… Streitz gratefully acknowledges support from the … d may affect treatment and control-group
firms differently, that is, the outcome may also depend on the interaction between di and d…

This paper documents that" zombie" lending by undercapitalized banks distorts competition
and impedes corporate innovation. This misallocation of capital prevents both the exit of …

Discusses a case of a patient with cutaneous anthrax associated with an anthrax epizootic
among livestock in North Dakota. Patient history, diagnosis, and treatment; Statistics on …

We examine whether performance-sensitive debt (PSD) is used to reduce hold-up problems
in long-term lending relationships. We find that the use of PSD is more common in the …

The European Central Bank’s Corporate Sector Purchase Programme (CSPP), launched in
June 2016, increased the supply and lowered the cost of capital for eligible, ie, investment …