Excessive credit creation by banks was at the root of the recent financial crisis. Nevertheless, micro … overoptimism causes excessive lending, subsequently yielding abnormal loan write-offs. We propose a new measure of excessive credit … growth known from macroeconomics to identify credit booms and test our model for German bank and bankportfolio level data …

Our paper addresses firm size as a driver of systematic credit risk in loans to small and medium enterprises (SMEs … particularly rich and well developed credit market for SMEs in Germany. We estimate asset correlations as the key measure of …

minimum standard is unlikely to exhibit adverse consequences for credit supply and bank profitability …

the main mortgage. Second, we examine the role of legal and economic institutions in accounting for these differences. We … youngest group of households borrow lower amounts (conditional on borrowing), and the mortgage interest rates paid by low …

This paper exploits a recent and granular data set for 1,500 German LSIs to conduct a residential mortgage stress …

The US credit boom has been identified as one of the causes of the global financial crisis and the resulting debt … overhang is seen as the primary reason for the weak economic recovery. Most of the existing literature links the credit boom to … non-financial private sector had been originated by shadow banks. Consequently, dampening credit creation by the …

credit demand-side factors. The public mandate is set by local governments and stipulates a deviation from strict profit … percent less cyclical than other local banks. The result is credit supply-side driven and especially strong for savings banks …