Research subject of this paper is the credit transmission mechanism in the Republic of Macedonia or in other words this …. The credit transmission is analyzed through its narrow nature or so called bank lending channel. In order to explain how … first one is the traditional bank lending channel explained by Bernanke and Blinder model and the second one is the credit …

We show that lenders join a U.S. commercial credit bureau when information asymmetries between incumbents and entrants …

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 evaluates the performance of structural VAR models in estimating the impact of credit supply shocks. In a … simple Monte-Carlo experiment, we generate data from a DSGE model that features bank lending and credit supply shocks and use … instrumental variable procedure to estimate the impact of the credit shock performs well and is relatively robust to measurement …