decisions of firms. I find that firms eligible for government bank lending expand employment in politically attractive regions … future employment growth by firms in other regions. The analysis suggests that politicians in Brazil use bank lending to …

This paper studies the link between banks' geographic concentration and the growth in mortgage lending during the boom … reduction in their loans through the ensuing bust. In the aggregate, bank concentration has an impact on the overall credit … concentrated banks experience less excessive expansion and contraction in mortgage supply during the boom and the following bust …

We investigate an unexplored link between the US mortgage spread and business cycle and house price fluctuations in … emerging market economies (EMEs). An increase in the US mortgage spread leads to substantially lower output, investment … financial channel is the main transmission mechanism through which US mortgage spread shocks affect business and house price …

three main channels: wealth effect, household financial constraints, and bank health. We find a negligible wealth effect … prices. Deteriorating bank health leads to reduced credit supply both to households and firms. Our dataset allows us to … declining bank credit supply to households captures about half of the overall consumption response, once we account for …