2014. We explore the dynamic adjustment process following this credit supply shock. In counties where the largest banks had … a high market share, the aggregate flow of small business credit fell, interest rates rose, fewer businesses expanded …, unemployment rose, and wages fell from 2006 to 2010. While the flow of credit recovered after 2010 as other lenders slowly filled …

scale from pre-existing credit lines and loan commitments in anticipation of cash flow disruptions from the economic …

Previous work has claimed that monopoly power facilitates the provision of credit, since monopolists are better able to … creditworthiness, monopoly power may reduce credit provision because hold up problems ex post will deter borrowers from investing in … establishing creditworthiness. Empirically, we examine the relationship between monopoly power and credit provision, using data on …

We evaluate the impact of the credit conditions facing corporations on their emissions of toxic air pollutants … that positive shocks to credit conditions reduce corporate pollution …

banks in providing credit to smaller borrowers about whom information is least complete and, more generally, support the …

-employee literature. We construct firm-specific exogenous credit supply shocks and estimate their direct and indirect effects on real … activity using firm-specific measures of upstream and downstream exposure. Credit supply shocks have sizable direct and … crisis. In terms of mechanisms, trade credit extended by suppliers and price adjustments play a role in accounting for …

How does the large market for credit score improvement products affect consumers and market efficiency? For consumers …, we use a randomized encouragement design on a standard credit builder loan (CBL) and find null average effects on scores … credit activity. CBLs induce delinquency on pre-existing loan obligations, suggesting that even a seemingly modest additional …