deglobalization and market fragmentation. We examine the effects of a deglobalization shock on bank lending, firm internal capital … the response to the Brexit referendum shock. On average, German banks reduced lending to United Kingdom (UK) firms … following the shock due to increased uncertainty about future losses. More prudent banks reduced their credit more extensively …

, China in practice banned imports of Norwegian salmon. The ban was an unexpected trade shock to the Norwegian salmon industry …. Using bank balance sheet and credit register data, we trace how this trade shock affected the lending behavior of banks … highly exposed to the salmon industry when the shock occurred. We find that, in the years following the trade shock, highly …

What happens to firms' organizational structure when they are hit by a negative shock? By matching employer …-employee data with firm loans and bank balance sheets, I study firms’ reactions to a credit shock - the global financial crisis … - and compare it to a trade shock - the entry of China in the WTO. When hit by a credit supply shock, firms reduce …

explaining the consumption path after a Marginal Efficiency of Investment shock. We use an otherwise standard medium-scale New …

financial institutions in the transmission of credit and technology shocks to the real economy. A positive credit shock, defined … between loan and deposit rates. The effects of the credit shock tend to be highly persistent even without price rigidities and …