This paper uses a unique dataset where credit rejections experienced by euro area firms are matched with firm and bank … characteristics. This allows us to study simultaneously the role that bank and firm weakness had in the credit reduction observed in … strong determinants of credit rejections, in the crisis period bank weakness made it harder to obtain external finance for …

This paper presents evidence that personal relationships between corporate borrowers and bank loan officers improve the … outcomes of loan renegotiation. Analysing a bank reorganization in Greece in the mid-2010s, I find that firms that experience …

bank credit conditions for issuer firms, both at the firm-bank and firm level. We compare new loans granted to issuer firms … bank loans of the same maturity than non-issuer firms, suggesting an improvement in their bargaining power with banks. In … addition, issuer firms reduce the amount of used bank credit but increase the overall amount of available external funds …

Can banks trade credit default swaps (CDSs) referenced on their current corporate clients at competitive prices, or are … banks penalized for potentially holding private information? To answer this question we merge CDS trades reported under the … that the same dealer offers to banks and to other investors. We find that banks lending to a corporation purchase CDSs on …

of sticky bank-firm relationships, estimate its structural parameters in euro area credit register data, and infer …We propose a new methodology to identify aggregate demand and supply shocks in the bank loan market. We present a model … aggregate shocks based on those estimates. To achieve credible identification, we leverage banks' exposure to various sectors …

find that: bond finance dampens the overall response of firm credit to monetary policy shocks in economies with a high … initial share of bond- relative to bank-based finance; this effect weakens, and may even reverse, in economies with a low … when bank lending contracts. …

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 …

Systemically Important Banks (G-SIBs) on bank lending behaviour. Using a difference-in-differences estimation strategy, we find no … effect of the reforms on overall credit supply, while at the same time documenting a substantial decline in borrower- and … loan-specific risk factors for the affected banks. Moreover, we detect a significant decline in the pricing gap between …

How much of the heterogeneity in bank loan pricing is explained by disparities in banks' attitude towards risk? The … confirm that disparities in market power, banks' funding costs, and banks' funding risks are re ected in bank lending rates … answer to this question is not simple because there are only very weak proxies for gauging the degree of a bank's risk …

natural experiment to study the effects of reduced bank capital adequacy on productivity. Affected banks respond not only by … sovereign debt crisis. An unexpected increase in capital requirements for a subset of Portuguese banks in 2011 provides a … cutting back on lending but also by reallocating credit to firms in financial distress with prior underreported loan loss …