The long-run price elasticity of demand for credit is a key parameter for intertemporal modeling, policy levers, and … number of borrowers is also elastic. Credit bureau data does not show evidence of crowd-out. Competitors do not respond by …

-2009 output collapse. To this end, we use three variables: credit stock, credit flow and money supply M1. We find that the changes … in the credit flow, as percentage of GDP, are the most distinctly correlated with the GDP rate. During the growth … recovery, the credit flow tends to rise in six of the surveyed countries, although the credit stock declines in some cases. On …

a proxy of firms' concentration can explain relative bank credit growth at a sectorial level in the Mexican economy. To … with fixed effects for each group, positing relative credit growth as dependent variable. We document that changes in … concentration growth contribute to explaining relative credit growth, particularly so in the group with high average concentration …

This study uses Japanese data to address an important shortcoming of most of the existing literature on credit …

We investigate the misallocation of credit in Japan associated with banks’ evergreening loans, distinguishing between …

This paper investigates whether small firms have experienced worse tightening of credit conditions during the Great … with the pattern of differentially more rationing of credit to small borrowers in recessions as predicted by the model …

-author provides a microfoundation for studying the real effects of credit constraints by identifying the presence (or absence) of two … specific credit market failures: adverse selection adverse selection (where sellers lack information) and moral hazard (where …