-based funding opportunity for unlisted firms. Using the Italian Credit Register, we investigate the impact of minibond issuance on … bank credit conditions for issuer firms, both at the firm-bank and firm level. We compare new loans granted to issuer firms … addition, issuer firms reduce the amount of used bank credit but increase the overall amount of available external funds …

credit risk transfer. The possibility of transferring credit reduces the impact of liquidity shocks on bank balance sheets … capital recycling and by reducing bank monitoring, secondary credit markets in general equilibrium allow banks to take on more … risk. - Credit risk transfer ; dual moral hazard ; monetary policy ; liquidity ; welfare …

While regulatory capital buffers are expected to be drawn to absorb losses and meet credit demand during crises, this …-cyclical behaviour to preserve capital ratios. By employing granular data from the credit register of the European System of Central … Banks, we isolate credit supply effects and find that banks with little headroom above regulatory buffers reduced their …

overnight repurchase agreements (repo) and loan-level credit registry data on corporate loans. We find that borrowers on the …

effect of the reforms on overall credit supply, while at the same time documenting a substantial decline in borrower- and …