This paper aims to shed light on the characteristics and particularly the determinants of credit-less recoveries. After … building a dataset and documenting some stylised facts of credit-less recoveries in emerging market economies, this paper uses … panel probit models to analyse key determinants of credit-less recoveries. Our main findings are the following. First, our …

to have a significant effect on economic activity and credit market variables, but to some extent also inflation, in all …

loan portfolios, allow for interbank trading and show how a credit bubble can develop from a financial innovation. We then …

We use monthly data on individual loans from the Italian Credit Register over the period from 1997 to 2019 and show … that bank credit expansions in the non-financial private sector are mostly explained by variations in the extensive margin … calculated either in credit flows or headcount of new borrowers. We then build on a flow approach to decompose changes in the net …

of sticky bank-firm relationships, estimate its structural parameters in euro area credit register data, and infer …