housing markets better than net loans. Moreover, credit supply restrictions during the crisis are estimated to be smaller …

Can banks trade credit default swaps (CDSs) referenced on their current corporate clients at competitive prices, or are …

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

find that: bond finance dampens the overall response of firm credit to monetary policy shocks in economies with a high …

contrast to recent findings for the US, we find that in the euro area changes in the supply of credit, both in terms of volumes … and in terms of credit standards applied on loans to enterprises, have significant effects on real economic activity. This … highlights the importance of the monitoring of credit developments in the toolkit of monetary policy and underpins the reasoning …

This paper proposes a tractable way to incorporate lending standards ("credit qualification thresholds") into macro … rate sufficiently compensates banks for the borrowers' default risk. Firms denied credit cut employment and labor … credit supply disruptions. That is, for the same increase in credit spreads, output falls faster when denial rates are …