This paper studies episodes in which aggregate bank credit contracts alongside expanding economic activity-credit …--on average, they occur every five years. By comparison, banking crises take place every eight years on average. Credit reversals …

Credit spreads rise after a monetary policy tightening, yet spread reactions are heterogeneous across firms. Exploiting … with high leverage experience a more pronounced increase in credit spreads than firms with low leverage. A large fraction … of this increase is due to a component of credit spreads that is in excess of firms' expected default. Our results …

a bank. Failure to identify deterioration in credit quality in a timely manner can aggravate and prolong the problem …Adequate loan classification practices are an essential part of a sound and effective credit risk-management process in …

This paper studies the relationship between banks' holdings of domestic sovereign securities and credit growth to the … the negative relationship between banks' claims on the government and private sector credit growth mainly reflects a … private sector in emerging market and developing economies. Higher banks' holdings of government debt are associated with a …

This paper analyses the effect of asset prices on credit growth in France and tries to disentangle credit demand and … supply factors, both for the whole 1993-2010 period and during periods of financial instability. Using bank-level panel data … period, but without credit supply factors being singled out. By contrast, housing price growth has a significant effect …

We examine how the cost of corporate credit varies around fiscal consolidations aimed at reducing government debt …

are experiencing credit booms. This paper analyzes the role of foreign-owned banks in these credit booms. The results show … financial conditions in the foreign bank''s home country … that the CEE countries depend on foreign banks, and these foreign banks depend on interbank funding. Lending by foreign …

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 …

global perspective. At the same time, collateral requirements applied by banks are onerous and also constrain the quantity of … credit supplied. This paper identifies a range of factors that could lower spreads in the Kyrgyz Republic: more competition …, higher capital, lower credit risk, larger loan size, lower deposit rates and external funding costs, as well as a stronger …