as soon as bank risk appetite heats up. Within this shorter time span, cuts must then be deeper than otherwise to also … achieve standard objectives. Finally, we analyze how robust this result is to the presence of a bank regulatory tool, and …

This paper studies the transmission of bank capital shocks to loan supply in Indonesia. A series of theoretically … aggregate lending. Likewise, the effects of bank recapitalization on loan growth depend on banks' starting capital positions and …

a retail-banking focus when fiscal policies are prudent.The results are statistically weak, suggesting that bank lending … targeting and fiscal discipline in Turkey. This paper studies the impact of monetary and fiscal policies on credit growth during … this period. Using quarterly bank-level data covering 2002-08, we find evidence that liquidity-constrained banks have …

-run growth. The paper explores an additional challenge, for monetary policy. Although they expand bank balance sheets, providing …

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 …

contract their balance sheets. These bank responses generate externalities that propagate in the form of macro …-financial feedback loops. This paper develops a credit response and externalities analysis model (CREAM) that integrates a disaggregated … banking sector into an otherwise standard macroeconomic structural vector autoregressive model. It shows that accounting for …

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 …

, severely hit by the Eurozone crisis. NIRP has expansionary effects on credit supply-- -and hence the real economy---through a … credit-especially to riskier and smaller firms-and cut loan rates, inducing sizable real effects. By shifting the entire …