the effects of a tightening on credit supplied. Banks' liquidity is the most significant factor enabling them to attenuate …

The dramatic increase in securitisation activity has odified the functioning of credit markets by reducing the … “originate and hold” to “originate, repackage and sell” has also modified banks’ abilities to grant credit and the effectiveness …

ways to transfer credit risk have tended to diminish the informational content of standard bank balance-sheet indicators … characterized by lower expected default frequency are able to offer a larger amount of credit and to better insulate their loan …

, they do so indirectly through the head institutions of their sectors, i.e. the savings banks` and credit cooperative sector …

data on the credit experience of firms in 8 economies that use the euro or are pegged to it over 2004-2007, and analyze the … exogeneity of monetary policy to local business cycles, and 2) firm-level and bank-level data to separate the supply of credit … from changes in the level and composition of credit demand. Consistent with previous studies, I find that lax monetary …

smooth transmission of credit to borrowers. While results from the years prior to the crisis often cast doubts on the … provision of credit. We show that new factors, such as changes in banks’ business models and market funding patterns, had …

Any empirical analysis of the credit channel faces a key identification challenge: changes in credit supply and demand … unique Euro area bank lending surveys. Embedding this information within a standard VAR model, we find that: (1) the credit … channel is active through the balance-sheets of households, firms and banks; (2) the credit channel amplifies the impact of a …