This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for …

random and therefore create liquidity risk, which in turn determines the supply of credit and the money multiplier. We study … important role of disruptions in interbank markets, followed by a persistent credit demand shock. …

-income households increased their demand for credit to finance higher consumption expenditures in order to "keep up" with higher … the underlying type of the applicant, so that banks ultimately channel more credit toward lower-income applicants in low …

during the housing crisis. We use proprietary loan-level panel data matched to consumer credit records using borrowers … relative terms, and an overall improvement in household credit standing. New financing of durable consumption by borrowers with … lower housing wealth responds more to mortgage payment reduction relative to wealthier households. Credit …

This study examines the misallocation of credit in Japan associated with the perverse incentives of banks to provide … additional credit to the weakest firms. Firms are far more likely to receive additional credit if they are in poor financial … allocate credit to severely impaired borrowers primarily to avoid the realization of losses on their own balance sheets. This …

The regulation of bank capital as a means of smoothing the credit cycle is a central element of forthcoming macro …-prudential regimes internationally. For such regulation to be effective in controlling the aggregate supply of credit it must be the case … credit are unable to offset changes in credit supply by affected banks. This paper examines micro evidence--lacking to date …

domestic credit expansion and real currency appreciation have been the most robust and significant predictors of financial …