Does failure in a marriage foretell failure to repay credit? Analyzing the loan portfolio of a representative bank, we …

question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …

bank- rm level credit data, we show that banks reallocate credit within their domestic loan portfolio in at least three … in which they are heavily specialized. Third, they reallocate credit towards low-risk fi rms. These reallocation effects … the transmission of the funding shock to credit supply by 22, 8 and 10%,respectively …

power for economic growth and bank lending in the United States and the euro area than the spot IBOR-OIS, credit default … swap spreads or bank bond credit spreads …

model in which the Lehman default event is quantified as having an almost immediate effect in worsening the credit … captured by its effective credit rating, which follows a simple dynamics of co-evolution with the credit ratings of the other … the direct consequences of the collective self-organized endogenous behaviors of the credit ratings of the firms in our …

bargaining power in default, operating in more competitive product markets, and facing lower credit supply are more likely to …

We identify the origin of the contradicting perspectives on credit creation offered by Austrian, Mainstream and Post …-exist any transaction and loan. We develop a unified framework of credit creation based on three leading variables: (i) the … amount of collateral assets accepted, (ii) the level of leverage and (iii) the level of trust and confidence. As credit …

credit market and in funding markets. The reduction in the supply of credit by Eurozone banks caused riskier borrowers to …. Although global bank lending is often reported to amplify the international credit cycle, we show that foreign banking acted as … a shock absorber that weathered the real consequences of the credit crunch in Europe …

jump back up to around 200 basis points. We surmise that in a booming credit market the certification of corporate …