barriers. Third, credit constraints can play an important role in weakening the positive impact of product market reform on …

This paper analyses the effect of asset prices on credit growth in France and tries to disentangle credit demand and … at a quarterly frequency, stock price growth is shown to have a significant effect on lending growth over the whole … period, but without credit supply factors being singled out. By contrast, housing price growth has a significant effect …

procyclicality of bank credit dynamics to the private sector and contain systemic risk. Reserve requirements, in particular, have … new cross-country evidence on how they influence real private bank credit growth. Our results show that these instruments …

Despite robust deposit growth, credit growth has been sluggish in the Philippines. We attribute this to legacy …

of firms and their lending banks in one Italian region. To isolate the effect of the financial shock we construct a firm …-specific time-varying measure of credit supply. The contraction in credit supply explains one fourth of the reduction in employment …

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 …

Banking credit to the private sector in Latin America has on average increased by 7 percent of GDP from primo 2004 to … ultimo 2011, with real credit in some countries growing by up to 20 percent per year. This paper documents and analyzes the … patterns of credit growth in 18 countries in Latin America and uses econometric methods to determine whether it is indicative …