credit to non-financial firms in Italy between 2008 and 2015. We use time-varying firm fixed effects to control for shifts in … causally affected by the level of NPL ratios: the negative correlation between NPL ratios and credit growth in our data is … mostly generated by changes in firms' conditions and a contraction in their demand for credit. However, the exogenous …

enterprises, as captured by the assessment of credit standards provided by the banks participating in the Eurosystem Bank Lending … bias in the estimated contribution of a tightening in credit standards from using the information for the BLS-only banks … information over the credit cycle for policymakers …

consumption; for firms, a diminution in financing needs, due in turn to the sharp contraction of investment. Credit market … indicators and empirical studies suggest that lending growth may also have been curbed by tensions in credit supply. These … tensions could persist, but the risk of a limitation of credit will be moderated by the economic recovery and the consequent …

the cost of wholesale and of certain forms of retail funding for banks and in the cost of credit to firms and households …

financial crisis on this portion of the credit market. From 2008 to 2011 the total number and value of new mortgages decreased …

This paper analyzes firms' difficulties in accessing credit before and during the crisis, by focusing on two of their … prospects – favoured access to credit in the period leading up to the financial crisis; during the crisis, instead, credit … credit market, especially for firms with better growth prospects; this result is consistent with the hypothesis that the …