This paper evaluates the performance of a variety of structural VAR models in estimating the impact of credit supply …, on average, that credit supply shocks that raise spreads by 10 basis points reduce GDP growth and inflation by 1% after …

This paper studies the relationship between competition measures at the bank level and the price of credit for non … indicator. Evidence is provided that similar loans provided by banks with higher market power (Lerner indicator) are … loans given out to microenterprises and small firms, and firms located in the central and southern regions of the country. …

deepening credit markets dominates for the large majority of states of nature. The paper also uses a detailed bank-level dataset …This paper explores the impact of international financial integration on credit markets in Latin America, using a cross … international financial shocks on aggregate credit and interest rate fluctuations. Nonetheless, the net impact of integration on …

Government-driven credit played an important role in countervailing the private credit crunch in Brazil during the … recent financial crisis. However, government credit concessions continued to expand after the economy recovered. This paper … firms have benefited most from the government-sponsored credit expansion. Additionally, although higher access to earmarked …