to liquidity risk contracted their supply of credit more sharply. I contribute to the identification of this effect by … important determinant of the contraction of credit in the mortgage market, but as separate from the precipitous fall in credit … demand, disruptions in the securitization and subprime markets, shifts in asset risk, and changing risk-aversion among loan …

Using credit register data for loans to Italian firms we test for the presence of asymmetric information in the … securitization market by looking at the correlation between the securitization (risk-transfer) and the default (accident) probability … a strong relationship is a credible enough commitment to monitor after securitization. Importantly, the selection of …

Securitization was meant to disperse credit risk to those who were better able to bear it. In practice, securitization … framework for the financial system for assessing the impact of securitization on financial stability. If securitization leads to … consequences for financial stability. Covered bonds are one form of securitization that do not fall foul of this principle. I …

We aim to assess the impact of capital- and currency-based macroprudential policy measures on credit growth at the bank …-firm level, using credit registry data from Argentina. We examine the impact of the introduction and tightening of a capital … buffer and a limit on the foreign currency position of financial institutions on credit growth of firms, estimating fixed …

This paper focuses on the recent changes in banking systems and how bank-specific characteristics have affected credit … supply in five Latin American countries (Brazil, Chile, Colombia, Mexico and Peru). We use detailed credit registry data and … funding, and a commercial business model generally supply more credit. Such banks are also more sheltered from monetary and …

resilience and curbing excesses in the credit supply. The first measure, the countercyclical reserve requirement, was implemented … in 2007 to control excessive credit growth. The second was the dynamic provisioning scheme for commercial loans, which … provisions and the countercyclical reserve requirement had a negative effect on credit growth, and that this effect varies …

-dealers when they are more profitable. These results allow for a better understanding of banks' credit risk management …

surprises on credit supply, I take the changes in interest rate derivatives immediately after each MP announcement and bring … of the effects of contractionary MP on credit and about two thirds on employment …

exploit GFC shocks and Brazilian interventions in FX derivatives using three matched administrative registers: credit, foreign … credit flows to banks, and employer-employee. After U.S. Federal Reserve Taper Tantrum (followed by strong Emerging Markets FX … depreciation and volatility increase), Brazilian banks with larger ex-ante reliance on foreign debt strongly cut credit supply …