RT Generic
T1 Bank Competition, Borrower Competition and Interest Rates
A1 Bellón, Carlos
A2 Universidad Carlos III de Madrid. Instituto para el Desarrollo Empresarial (INDEM), 
AB The effect bank competition has on interest rates should depend on the fact that borrowers compete against each other. The borrowing rate of a firm affects its ability to compete in the industrial marketplace, and ultimately, its ability to repay its loans. Thus, competition amongst borrowers acts as a limit to the amount of rents financial oligopolists can extract. I find evidence that firms that operate within areas of limited bank competition face higher rates than their peers. I also identify an innovative control group that can be used in tests of bank market structure.
SN 1989-8843
YR 2014
FD 2014-06-16
LK https://hdl.handle.net/10016/19007
UL https://hdl.handle.net/10016/19007
LA eng
NO I gratefully acknowledge the financial support provided by the FundaciónRamón Areces and the Santander Finance Institute - Fundación UCEIF.
DS e-Archivo
RD 19 may. 2024