the euro area during the sovereign debt crisis, and in credit developments characterising the post-crisis recovery … strong determinants of credit rejections, in the crisis period bank weakness made it harder to obtain external finance for …This paper uses a unique dataset where credit rejections experienced by euro area firms are matched with firm and bank …

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 …

of sticky bank-firm relationships, estimate its structural parameters in euro area credit register data, and infer …

We develop a new theory of information production during credit booms. In our model, entrepreneurs need credit to … important dynamic implications. During credit booms driven by high collateral values (e.g. real estate booms), the economy …

relationship between NPL problems-elevated and unresolved NPLs-and the severity of post-crisis recessions. A machine learning … approach identifies a set of pre-crisis predictors of NPL problems related to weak macroeconomic, institutional, corporate, and … banking sector conditions. Our findings suggest that reducing pre-crisis vulnerabilities and promptly addressing NPL problems …

credit growth during a home banking crisis, while foreign private-owned banks increase lending in the host countries …, particularly during different crisis type periods and origins. Foreign state-controlled banks' loan growth rates are higher than …. Moreover, we find evidence that bank-specific characteristics were more important determinants of credit growth than ownership …

behaviour of the U.S. economy before and after the Great Recession. In a DSGE model with endogenous growth, negative demand …

More than five years after the start of the Sovereign debt crisis in Europe, its impact on labour market outcomes is … credit market for the period 2010-13. Second, we provide a description of the relationship between credit difficulties and … correlation between credit difficulties and adjustments along both the extensive and the intensive margin. In the presence of …

recent crisis. On the wider economic impact of STW, we show that firms using the schemes are significantly less likely to lay …

between productivity and bank credit in the context of different financial market set-ups, we introduce a model of overlapping … generations of entrepreneurs under complete and incomplete credit markets. Then, we exploit firm-level data for France, Germany … and Italy to explore the relation between bank credit and productivity following the main derivations of the model. We …