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

loan scale. A financial crisis, simulated as an abrupt decline in the collateral value of bank assets, triggers a flight to … liquidity, which strongly amplifies the initial shock and induces credit crunch dynamics sharing key features with the Great …

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

to activate macroprudential tools targeting excessive credit growth and leverage. To robustly select the key indicators … using credit to GDP gaps, credit to GDP ratios and credit growth rates, as well as real estate variables in addition to a …

in general and has done so particularly during the financial crisis. Applying a cross-country panel-econometric approach … supply and demand effects. We find that even when controlling for the effects coming from the demand side loan growth is … banks' access to wholesale funding and their liquidity positions, was reinforced since the eruption of the financial crisis …

to have a significant effect on economic activity and credit market variables, but to some extent also inflation, in all … annual real GDP growth during 2008 and 2009 in the Euro Area and the United States and possibly about three fourths of that … observed in the United Kingdom. Finally, the contribution of loan supply shocks to the decline in the annual growth rate of …

credit. Estimates suggest that SMEs borrowing money from pre-crisis less healthy banks were significantly more likely to be … affected by a credit constraint and, in turn, to adjust their labour input downwards than pre-crisis clients of more healthy … investigate how employment decisions of small- and medium-sized enterprises (SMEs) have been affected by credit constraints in the …

growth and residential real estate prices; ii ) A forecast error variance decomposition shows that shocks to the change in …

shows that the frequency of credit-less recoveries doubles after a banking or currency crisis. Second, results from …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 …