reduce bank returns and tighten credit conditions for borrowers, constraining investment and growth. The effects are larger …We study the transmission of financial shocks across borders through international bank connections. Using data on … cross-border interbank loans among 6,000 banks during 1997-2012, we estimate the effect of asset-side exposures to banks in …

This paper presents empirical evidence on the effect of banks' financial position on credit growth using a sample of 29 … most important predictor of credit growth in the current year. The relationship between capital and credit growth is non … (decrease) in capital is associated with an increase (decrease) of 0.8 (0.3) percentage points in credit growth upon impact and …

We explore the structural drivers of bank and nonbank credit cycles using an estimated medium-scale macro model that … potentially drive bank and nonbank credit growth. We find that sectoral shocks affecting the balance sheets of entrepreneurs who … borrow from the financial sector are important for the business cycle frequency fluctuations in bank and nonbank credit …

, in the context of the eurozone periphery, the increase in domestic government bond holdings, the reduction of bank credit …