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

relationship with their savings bank prior to applying for a loan, default significantly less than customers with no prior …

estimated while controlling for the macroeconomic environment. An increase in bank' balance sheet risk is shown to increase the …

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 develop a dynamic structural model of bank behaviour that provides a microeconomic foundation for bank capital and …

We study the impact of higher bank capital buffers, namely of the Other Systemically Important Institutions (O …

explain about two-thirds of the variation of bank capitalization over the business cycle. We estimate that provisioning …

norms. Using bank-firm credit exposures that we match with a census of all Portuguese employees, we show that firms in a …

We study how the consequences of violations of covenants associated with bank lines of credit to firms vary with the … the heart of a new bank liquidity channel. This channel complements the traditional bank lending channel, which focuses on …