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

This paper introduces agent heterogeneity, liquidity, and endogenous default to a DSGE framework. Our model allows for … the economy. Due to liquidity and endogenous default, the transmission mechanism of shocks is well defined, and their …

The amount of credit in the economy is a heterogeneous aggregate that can be analyzed across different dimensions …. Considering such dimensions provides insights into the effect of monetary policy interventions because the credit components are …

several credit aggregates granted from bank and non-bank institutions for different scopes and developments in the US economy …The amount of assets managed by non-bank lenders has increased significantly over the last decades. Our research aims …. Our analysis is based on the estimation of a large Bayesian VAR. The results suggest that the rise of non-bank lenders has …

results: Prices increase as firms face tighter credit constraints. An empirical analysis using Chinese bank loans data …This paper examines the relationship between the credit constraints faced by a firm and the unit value prices of its … credit constraints. The model predicts that tighter credit constraints faced by a firm reduce its optimal prices as its …

heterogeneity and export incentive through credit market imperfection over the life cycle of a firm remains largely unaddressed in … the literature. This paper studies the dynamics of wealth heterogeneity and export incentive of credit rationed firms …

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 …

growth of promising young firms. A model of liquidity-constrained entrepreneurs suggests that the easing of credit … weaker credit markets ex ante and consistent with local bank branches using cheap targeted credit lines to expand lending … would bring about. We explore this growth mechanism using a large-scale program to expand the supply of credit to small and …

We develop a model where banks invest in reserves and loans, and face aggregate liquidity shocks. Banks with liquidity … credit market competition is intense. The latter emerges when banks exercise market power. Thus, competition is beneficial to … financial stability. The structure of liquidity shocks affects the severity and the occurrence of crises, as well as the amount …