To identify credit availability we analyze the extensive and intensive margins of lending with loan applications and … resultant credit restriction by turning to other banks. Importantly the bank-lending channel is notably stronger when we account …

, operates mainly through the credit channel, both the bank lending and the non-financial borrower balance-sheet channel. Our …, the impact of credit frictions of borrowers have not been significantly reduced, especially in distressed countries. Since … reducing credit availability problems stemming from deteriorated firm net worth and risk conditions, especially for small firms …

individual stocks comprising the S&P500 those with low cashflows, small size, poor credit ratings, low debt to capital ratios …

the classical interest rate channel and the credit and bank lending channels of monetary transmission. We then review the …

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 …

, (ii) credit supply and (iii) housing demand shocks on the housing market and the broader economy. We find that … clearcut for housing demand shocks. We also find that credit supply shocks matter more in the euro area. JEL Classification: E …

monetary transmission via private sector balance sheets, credit risk spreads and asset markets in an integrated setup and to … house price inflation, strong private debt growth and low credit risk spreads. The results suggest that (i) monetary policy … contributed discernibly, but at a late stage to the unsustainable developments in house and credit markets that were observable …