question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …

This paper examines the impact of the recent global financial crisis on the cost of debt capital (syndicated loans) in … result, during the crisis the volume of syndicated loans grew steadily, in contrast to other countries. In addition, the … amount of foreign syndicated loans decreased and average maturity increased compared to the pre-crisis period. Our findings …

branches in the UK, we connect firms' access to bank credit to the financial condition (i.e., bank health and the use of core … conditions did not influence credit availability irrespective of the functional distance (i.e., the distance between bank branch …We study the sensitivity of banks' credit supply to small and medium size enterprises (SMEs) in the UK to banks …

Small businesses (SMEs) depend on banks for credit. We show that the severity of the Eurozone crisis was worse in … countries where firms borrowed more from domestic banks ("domestic bank dependence") than in countries where firms borrowed more … vulnerable to global banking shocks. We confirm, using a calibrated quantitative model, that domestic bank dependence makes …

cycle comovement increases when credit embodies public bonds held by banks, a bank financing to the public sector. However …We propose a joint dating of the Italian business and credit cycle on a historical horizon, by applying a local turning … carry out some statistical tests for comovement between credit and business cycle and we propose a measure of asymmetry of …

and industrial loans by U.S. banks. An increase in the broad dollar index by 2.5 points (one standard deviation) reduces U ….S. banks' corporate loan originations by 10 percent. This decline is driven by a reduction in the demand for loans on the … secondary market where prices fall and liquidity worsens when the dollar appreciates, with stronger effects for riskier loans …

We document a strong political cycle in bank credit and industry outcomes in Turkey. In line with theories of tactical … lending and creates credit constraints for firms in opposition areas, which suffer drops in assets, employment and sales but …

How does uncertainty affect the costs of raising finance in the bond market and via bank loans? Empirically, this paper … finds that heightened uncertainty is accompanied by an increase in corporate bond yields and a decrease in bank lending …

bank credit reallocation with endogenous firm entry and exit that allows for both theoretical and quantitative analysis. By … restructuring loans to firms with poor prospects and high default risk, banks not only accelerate the exit of unproductive firms but … also redirect existing credit to more productive entrants. This reduces banks' dependence on household deposits that are …

Japanese banking crisis. By leveraging a unique dataset merging firm-level financial statements and bank balance sheets, the … high-productivity firms for investment and productivity enhancement, the latter suggests credit misallocation towards … exhibit a significant investment boost despite receiving more loans. However, these high-productivity firms displayed positive …