Les relations bancaires de long terme. Une revue de la littérature

Nicolas Eber

Revue d'économie politique, 2001, vol. 111, issue 2, 195-246

Abstract: In this paper, we survey the recent literature on long-term relationships between banks and firms. We present successively the gains but also the costs of relationship lending. A lot of articles emphasize the gains : savings in information costs, better access to funds for firms, better risk-sharing, etc. Some articles have however pointed out problems with relationship lending. Indeed, it implies distortions in the competition between banks and can lead banks to slacken borrowers? monitoring. In both cases, it may result in inefficiencies in the allocation of credit. The implications in terms of regulation are also discussed with a specific focus on the French case. Classification JEL : G21, L14

Keywords: banking; credit; long-term relationships (search for similar items in EconPapers)
JEL-codes: G21 L14 (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (10)

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