This paper contributes to the literature on the properties of money and credit indicators for detecting asset price … several macroeconomic monetary, financial and real variables. According to statistical tests, credit aggregates (either in … models ; monetary aggregates ; credit aggregates …

loan portfolios, allow for interbank trading and show how a credit bubble can develop from a financial innovation. We then …

-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 …

borrower characteristics as well as internal and external credit scores. Our results suggest that relationships of all kinds …

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