Are Banks Still Special? New Evidence on Their Role in the Corporate Capital‐Raising Process

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How researchers see this paper

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Are Banks Still Special When There Is a Secondary Market for Loans (2012, unknown): “20See James and Smith (2000) for a comprehensive review of the research on the special nature of bank loan financing.”
The Real Effects of Asset Market Bubbles: Loan- and Firm-Level Evidence of a Lending Channel (2007, unknown): “Second, as emphasized in the recent banking literature (see James and Smith (2000) for a survey), bank loans are special and banking relationships are valuable.”
The "Dominant Bank Effect:" How High Lender Reputation Affects the Information Content and Terms of Bank Loans (2010, background): “James and Smith (2000) point out that news stories often do not allow for a refined classification on this dimension.”
Are Banks Really Special? New Evidence from the FDIC-induced Failure of Healthy Banks # (2005, unknown): “24 The micro literature surveyed by James and Smith (2000) generally supports the hypothesis that bank loans are special, but the macro literature has been less conclusive.”
New Evidence on the Lending Channel (2006, unknown): “Jayaratne and Morgan (2000) employed this approach to identify financial constraints across banks using differences in the sensitivity of loan growth to insured deposit growth, but the authors focused on measures of financial constraints other than affiliation with a multibank holding company.”