aggregate data. Changes in household credit limits explain 40 percent of the differential rise and fall of employment across … gradual, credit shocks greatly slowed the recovery …

Corporate credit growth in China has been excessive in recent years. This credit boom is related to the large increase …

-specific time-varying measure of credit supply. The contraction in credit supply explains one fourth of the reduction in employment …

The limited access to bank credit in recent years has increased the pressure on small and medium size enterprises (SMEs … negative credit supply shock applied to SMEs has an adverse effect on economic activity, and this impact is amplified in …

We study a dynamic economy where credit is limited by insufficient collateral and, as a result, investment and output … are too low. In this environment, changes in investor sentiment or market expectations can give rise to credit bubbles …, that is, expansions in credit that are backed not by expectations of future profits (i.e.fundamental collateral), but …

currency and reduce net exports. Emerging market policy makers however believe that inflows lead to credit booms and rising …

We study the impact of bank credit on firm productivity. We exploit a matched firm-bankdatabase covering all the credit … relationships of Italian corporations, together with a naturalexperiment, to measure idiosyncratic supply-side shocks to credit … practices, while a credit expansion haslimited impact. Quantitatively, the credit contraction between 2007 and 2009 accounts …

This paper analyses the effect of asset prices on credit growth in France and tries to disentangle credit demand and … period, but without credit supply factors being singled out. By contrast, housing price growth has a significant effect … during periods of financial instability only, even after controlling for credit demand effects. These results show that …