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Special issue on banking Preface
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This issue of the Review of Finance brings together six articles in the area of banking. Currently credit markets are under the spotlight of public attention in connection with the macroscopic failures of banks in the subprime lending crisis, which makes research in this area particularly topical. A recurrent theme in the papers collected in this issue is banking competition: how it affects the availability of credit and real outcomes, how it should be measured, and how it is shaped by both