This paper presents a new dataset on the dynamics of non-performing loans (NPLs) during 88 banking crises since 1990 … banking sector conditions. Our findings suggest that reducing pre-crisis vulnerabilities and promptly addressing NPL problems …

bank-firm level credit data, we show that banks reallocate credit within their loan portfolio in at least three different … which they are more specialized. Third, they reallocate credit towards low-risk firms. These reallocation effects are … transmission of the funding shock to credit supply by 22, 8 and 10%, respectively. …

This paper proposes a semi-structural approach to identifying excessive household credit developments. Using an … overlapping generations model, a normative trend level for the real household credit stock is derived that depends on four …-aged cohort, and institutional quality. Semi-structural household credit gaps are obtained as deviations of the real household …

and bank credit is allocated less efficiently than in France and Germany. Hence capital misal- location by banks can be a …Financial institutions are key to allocate capital to its most productive uses. In order to examine the relationship … between productivity and bank credit in the context of different financial market set-ups, we introduce a model of overlapping …

-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 …

We provide evidence that a weak banking sector has contributed to low productivity growth following the European … sovereign debt crisis. An unexpected increase in capital requirements for a subset of Portuguese banks in 2011 provides a … natural experiment to study the effects of reduced bank capital adequacy on productivity. Affected banks respond not only by …

This paper examines the drivers of the retrenchment in cross-border banking in the European Union (EU) since the global … spillovers from national banking sector conditions across the EU. We also find evidence that prudential policies can entail … spillovers via cross-border banking in the EU, albeit with heterogeneity across instruments in terms of direction, magnitude and …

incorporating the possibility of a credit boom precipitating a financial crisis and a loss function reflecting financial stability … considerations. Deploying the countercyclical capital buffer (CCyB) improves outcomes significantly relative to when interest rates …