Ivashina, Victoria; Laeven, Luc; Moral-Benito, Enrique - 2020
Using credit-registry data for Spain and Peru, we document that four main types of commercial credit-asset-based loans …, cash-flow loans, trade finance and leasing-are easily identifiable and represent the bulk of corporate credit. We show that … credit dynamics and bank lending channels vary across these loan types. Moreover, aggregate credit supply shocks previously …