Is there a link between loose monetary conditions, credit growth, house price booms, and financial instability? This … paper analyzes the role of interest rates and credit in driving house price booms and busts with data spanning 140 years of …, materially heighten the risk of financial crises. Both effects have become stronger in the postwar era. …

household survey on the European Central Bank’s transparency. To benefit from higher transparency perceptions the European …

new lines of credit and display lower credit scores than individuals who file for bankruptcy. Since bankruptcy filings …

While theory predicts different effects of household credit and enterprise credit on the economy, the empirical … growth whereas household credit has no effect; 2) enterprise credit reduces income inequality whereas household credit has no … effect; and 3) household credit is negatively associated with excess consumption sensitivity, while there is no relationship …

We study how a mortgage reform that exogenously increased access to credit had an impact on entrepreneurship, using … individual-level micro data from Denmark. The reform allows us to disentangle the role of credit access from wealth effects that … typically confound analyses of the collateral channel. We find that a $30,000 increase in credit availability led to a 12 basis …

We show that banks' cash flow exposure to interest rate risk, or income gap, plays a crucial role in their lending … conclude that banks' exposure to interest rate risk is an important determinant of the bank-level intensity of the lending …

crisis and explore possible explanations. We estimate the strength of the flight home effect as the change in domestic credit …

interest rate risk display a lower sensitivity to monetary policy shocks. This finding is consistent with an interest rate pass … floating-rates in bank loans and credit line agreements. …