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 …

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 …

overnight repurchase agreements (repo) and loan-level credit registry data on corporate loans. We find that borrowers on the …

This paper analyses the potential roles of bank asset fire sales and recourse to central bank credit to ensure banks …

have significant effects on loan rates and credit supply, particularly of banks in stressed countries. The results also …

of new coronavirus (COVID-19) pandemic. We focus on monetary, microprudential and macroprudential policies designed … with the pandemic response measures, banks' ability to supply credit would have been severely affected. The results also … measures in supporting liquidity conditions and helping to sustain the flow of credit to the private sector. Finally, we …

and earnings capacity. Secondly, the impact of banks' capital gap on the credit supply and the security portfolio is …

borrower characteristics as well as internal and external credit scores. Our results suggest that relationships of all kinds …