Agent-Based Model with Capital and Credit (hereafter CC-MABM). The novelty of this model with respect to the previous …-firms and K-firms resort to bank loans to satisfy their financing needs. There are two-ways feedbacks between markets and …

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

This paper analyzes the initial impact and recovery of globally engaged firms from the COVID-19 crisis. It uses rich … globally engaged firms is their heightened response to the crisis by finding novel ways to adapt supply chains even in the …

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 …

, small, and innovative firms) have a multitude of bank lenders, where one may be special in the sense of relationship lending …. However, theory does not tell us a lot about the economic rationale for relationship lending in the context of multiple bank … financing. To fill this gap, we analyze the optimal debt structure in a model that allows for multiple but asymmetric bank …

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 … also redirect existing credit to more productive entrants. This reduces banks' dependence on household deposits that are …