TY  - UNPD
A1  - Elsas, Ralf
A1  - Krahnen, Jan Pieter
T1  - Is relationship lending special? : Evidence from credit-file data in Germany
N2  - The German financial market is often characterized as a bank-based system with strong bank-customer relationships. The corresponding notion of a housebank is closely related to the theoretical idea of relationship lending. It is the objective of this paper to provide a direct comparison between housebanks and "normal" banks as to their credit policy. Therefore, we analyze a new data set, representing a random sample of borrowers drawn from the credit portfolios of five leading German banks over a period of five years. We use credit-file data rather than industry survey data and, thus, focus the analysis on information that is directly related to actual credit decisions. In particular, we use bank-internal borrower rating data to evaluate borrower quality, and the bank's own assessment of its housebank status to control for information-intensive relationships. Klassifikation: G21, C31, C33
T3  - CFS working paper series - 1998, 05 
KW  - relationship lending 
KW  - housebanks 
KW  - loan price determination 
KW  - credit volume
Y1  - 1998
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/4566
UR  - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:hebis:30-9306
ER  -