This paper examines how the interbank network structure influences banks’ credit supply to the real economy. Using the …

different categories of contracts: interest rate, credit, and foreign exchange derivatives. We study how liquidity shocks …

This paper investigates the role of credit demand and supply shocks in driving the weakness in UK banks' lending and … vector autoregression analysis to identify separate credit demand and supply shocks in addition to the standard macroeconomic … shocks that are typically analysed in this framework. It finds that credit supply shocks can account for most of the weakness …

Recent empirical evidence on the cross-country synchronization of credit spreads in response to US monetary policy … shocks has led to the notion of an ‘international credit channel' of US monetary policy. This paper provides novel evidence … on the existence of an international credit channel for the transmission of US financial shocks across borders, and …

to markets' different economic functions. Credit risk and liquidity risk therefore propagate in the interbank system …

private information are substitutes in mitigating credit frictions over the cycle …

What kinds of credit substitution, if any, occur when changes to banks' minimum capital requirements induce banks to … change their supply of credit? The question is central to the new ‘macroprudential' policy regimes that have been constructed … control the supply of bank credit. Regulatory efforts to influence the aggregate supply of credit may be thwarted to some …