credit register from Spain, with the time of a loan application and its granting. When VIX is lower (booms), banks shorten …

We propose an econometric analysis of the evolution of bank credit to the private sector in order to describe credit … cycles and identify phases of particularly low (or negative) credit growth such as those that typically accompany financial … results and provides a global view of the situation of credit for developed countries. In our preferred specification, the …

severe, persistent credit crunch …

This article describes the different consumer credit crowdfunding platform models that are currently operating in Spain … higher than that of those borrowing from credit institutions …

find that during the great recession access to credit of firms with weak balance sheets deteriorated relative to other … recession access to credit of weaker firms did not improve relative to other firms and it even further deteriorated somewhat. We … with the positive correlation we find between firms' access to bank loans and the number of firms' bank credit …

and firm-specific measures of upstream and downstream exposure, we construct firm-specific exogenous credit supply shocks … and estimate their direct and indirect effects on real activity. Credit supply shocks have sizable direct and downstream … corroborate the importance of network effects in quantifying the real effects of credit shocks and show that real effects vary …

This paper investigates the impact of private credit contractions on labor market performance. Impulse responses for … period 1980-2013. The empirical findings suggest that a decline in private credit can generate sizable and statistically … significant increases in all three unemployment measures. On average, credit contractions in the sample increase total …

credit market for the period 2010-13. Second, we provide a description of the relationship between credit difficulties and … correlation between credit difficulties and adjustments along both the extensive and the intensive margin. In the presence of … credit market difficulties, firms cut wages by reducing the variable part of wages. This evidence suggests that credit shocks …

constraints, a housing bubble initially raises credit demand by housing firms while leaving credit supply unaffected. It therefore … crowds out credit to non-housing firms. If time passes and the bubble lasts, however, housing firms eventually pay back their … higher loans. This leads to an increase in banks' net worth and thus to an expansion in their supply of credit to all firms …