shows that this increasingly popular macroprudential tool can smooth provisioning costs over the credit cycle and lower …

credit growth experienced by these countries. We find that, on average, both bank capitalization and lending activities in … Latin America increased after Basel. Consequently, Basel did not seem to lead to an overall credit decline. However, we do … Basel II might cause greater procyclicality of credit. …

This paper analyzes how different types of bank funding affect the extent to which banks ration credit to borrowers … of credit rationing, unsecured wholesale finance is shown to amplify the credit market impact of capital requirements as … secured funding. The collateralization of wholesale funding is found to expand the extent of credit rationing. …

This paper analyzes the credit crunch following the recent financial crisis in Korea. Using enterprise-level data, we … find that there were big differences in the magnitude of the credit contraction across different types of firms. In … particular, chaebol (conglomerate)-affiliated firms appeared to have lost the preferential access to credit they enjoyed in the …

This study examines the recent marked slowdown in bank credit to the private sector in Latin America. Based on the …, changes in bank balance sheets are examined to determine whether the credit slowdown is merely a reflection of a slowdown in … recent studies of credit slowdowns in East Asia and Finland, the paper investigates possible causes for the slowdown in three …