Journal article · 2025
Elusive competition: impact of non-bank credit providers’ financing on credit market competition
Journal of Banking Regulation 26(2), 288–303
Summary
Models what happens when newly established non-bank lenders that depend on bank financing enter a credit market. Because borrowers' insolvency risk plays a central role, more credit providers can raise rather than lower average credit prices, which argues for equal conditions for new entrants.
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Research theme
Money, credit & monetary policy
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