the lending channel theory. A contribution of this study is that it gives evidence that the monetary policy impact on bank …

credit losses rise when the cycle falls, but less so when net income of banks is relatively high, which reduces … as (shortage of) capital, which contradicts the assumptions underlying capital crunch theory. All in all, over the last …

This paper provides an overview of the literature on intraday credit in payment systems to date and explores the … dilemma central banks face when deciding on their intraday credit policies. On the one hand, any strategy in which the costs … . Participants would consume more credit than optimal and, due to moral hazard, central banks would be faced with larger amounts at …

substantially higher when GDP growth is lower, reflecting increased riskiness of the credit portfolio when the business cycle turns … downwards, which also increases the risk of a credit crunch. This effect is mitigated somewhat as provisions rise in times when …

substantially higher when GDP growth is lower, reflecting increased riskiness of the credit portfolio when the business cycle turns … downwards, which also increases the risk of a credit crunch. This effect is mitigated somewhat as provisions rise in times when …

to estimate a credit condition index (CCI). The CCI represents changes in the supply of credit over time, apart from …