ways. First, I apply a micro-founded strategy for disentangling demand from supply shifts in credit. Using this … period. The sensitivity of credit supply to monetary shocks is not related to the bank characteristics generally used in the … shocks in some estimations. Second, I check whether several types of uncertainty may drive the BLC, beyond liquidity risk …

in bank balance sheets, above the information already contained in credit aggregates, as far as monetary policy …

of credit to SMEs over the recent period was "demand driven" as a result of the decrease in firms' activity and … investment projects or was "supply driven" with an increase in credit "rationing" stemming from a more cautious behavior of banks … granting credit, French SMEs do not appear to have been strongly affected by credit rationing since 2008. This result goes …

credit market integration across jurisdictions impact the desirability of a currency union. We show that when those … impediments induce a higher cost for banks to manage cross-border credit compared to domestic credit, welfare may not be maximal …

With the Euro Area context in mind, we show that currency arrangements impact on credit available through default … incentives. To this end we build a symmetric two-country model with money and imperfect credit market integration. Differences in … credit market integration are captured by variations in the cost for banks to grant credit for cross-border purchases. We …

We introduce a new measure called Inflation-at-Risk (I@R) associated with (left and right) tail inflation risk. We … estimate I@R using survey-based density forecasts. We show that it contains information not covered by usual inflation risk …

The aim of this paper is to compare various methods which extract a Risk Neutral Density (RND) out of PIBOR as well as …