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Asymmetric credit growth and current account imbalances in the euro area

Unger, Robert - 2015

factor. The pull factor captures flows of bank loans to the domestic non-financial private sector. An increase in these flows … less clear-cut. The paper also shows that variations in the flows of bank loans to the non-financial private sector (i …

Persistent link: https://www.econbiz.de/10011373649

Bank loan supply shocks and alternative financing of non-financial corporations in the euro area

Mandler, Martin; Scharnagl, Michael - 2019

We analyse the macroeconomic effects of exogenous contractions in bank lending to non-financial corporations in the … to bank loans, such as financing via equity, debt securities, trade credit and lending from non-banks. We investigate … whether these alternative financing sources are complements to or substitutes for bank lending using the joint posterior …

Persistent link: https://www.econbiz.de/10012034573

Cyclicality of SME lending and government involvement in banks

Behr, Patrick; Foos, Daniel; Norden, Lars - 2015

Recent regulatory efforts aim at lowering the cyclicality of bank lending because of its potential detrimental effects …

Persistent link: https://www.econbiz.de/10011391616

The synchronization of European credit cycles

Meller, Barbara; Metiu, Norbert - 2015

We study the synchronization of credit booms and busts among 12 major European economies and the United States between 1972-2011. We propose a regression-based procedure to test whether boom-bust phases of credit cycles coincide across countries and to cluster countries with positively...

Persistent link: https://www.econbiz.de/10011299045

The role of non-performing loans for bank lending rates

Bredl, Sebastian - 2019

Against the backdrop of a high stock of non-performing loans (NPLs) in several European countries, this paper investigates the role of NPLs for lending rates charged for newly granted loans in the euro area. More precisely, it looks for an effect that extends beyond losses caused by that stock...

Persistent link: https://www.econbiz.de/10011955694

The inverted-U relationship between credit access and productivity growth

Aghion, Philippe; Bergeaud, Antonin; Cette, Gilbert; … - 2018

Persistent link: https://www.econbiz.de/10011947705

International banking and liquidity risk transmission : lessons from across countries

Buch, Claudia M.; Goldberg, Linda S. - 2014

affects bank lending depends on the whether the banks are drawing on official sector liquidity facilities. Third, liquidity … heterogeneity in the balance sheet characteristics that affect banks’ responses to liquidity risk. Overall, bank balance sheet …

Persistent link: https://www.econbiz.de/10010393856

An empirical investigation in credit spread indices

Prigent, Jean-Luc; Renault, Olivier; Scaillet, Olivier - 2000

Persistent link: https://www.econbiz.de/10001604303

Government loan guarantees and the failure of the Canadian Northern Railway

Lewis, Frank D. - 1986

Persistent link: https://www.econbiz.de/10001911803

The global credit boom : challenges for macroeconomics and policy

Hume, Michael; Sentance, Andrew - 2009

The recent financial crisis has put the spotlight on the rapid rise in credit which preceded it. In this paper, we provide an empirical and theoretical analysis of the credit boom and the macroeconomic context in which it developed. We find that the boom was unusually long and associated with...

Persistent link: https://www.econbiz.de/10003843801