relationship with their savings bank prior to applying for a loan, default significantly less than customers with no prior … borrower characteristics as well as internal and external credit scores. Our results suggest that relationships of all kinds …

between productivity and bank credit in the context of different financial market set-ups, we introduce a model of overlapping … and Italy to explore the relation between bank credit and productivity following the main derivations of the model. We … estimate an extended set of elasticities of bank credit with respect to a series of productivity measures of firms. We focus …

We study how the consequences of violations of covenants associated with bank lines of credit to firms vary with the … financial health of lenders. Following a violation banks restrict usage of lines of credit by raising spreads, shortening … during the recent crisis. Banks in worse financial health are more likely to restrict access to credit lines following a …

How much of the heterogeneity in bank loan pricing is explained by disparities in banks’ attitude towards risk? The … answer to this question is not simple because there are only very weak proxies for gauging the degree of a bank’s risk … confirm that disparities in market power, banks’ funding costs, and banks’ funding risks are reflected in bank lending rates …

bank credit conditions for issuer firms, both at the firm-bank and firm level. We compare new loans granted to issuer firms … addition, issuer firms reduce the amount of used bank credit but increase the overall amount of available external funds …, pointing to a substitution with bank credit and to a diversification of corporate funding sources. Studying their ex …

We show that negative policy rates affect the supply of bank credit in a novel way. Banks are reluctant to pass on … low-deposit banks. As a consequence, the introduction of negative policy rates by the European Central Bank in mid-2014 …

policy period, change in banks’ competitive behaviour affected the bank lending channel and discouraged banks from taking …

both bank and country-level data. As outright bank failures have been rare in Europe, the paper introduces a novel dataset … are that complementing bank specific vulnerabilities with indicators for macro-financial imbalances and banking sector … vulnerabilities improves model performance and yields useful out-of-sample predictions of bank distress during the current financial …

insolvency regimes do not unduly inhibit corporate restructuring. Thus, leveraging the important complementarities between bank … bank health and the consequences for aggregate productivity in 11 European countries. Controlling for cyclical effects, the … Europe may at least partly stem from bank forbearance. The increasing survival of zombie firms congests markets and …

to estimate the effects of bank financial distress on consumer credit and consumption expenditures. We show that …We employ a unique identification strategy linking survey data on household consumption expenditure to bank-level data …