.30%. This evidence suggests that credit constraints are relevant in this market. Things change substantially when moving along …

This paper uses representative individual household data from Luxembourg to evaluate how severe economic conditions … could affect bank exposure to the household sector. Information on household income, expenses and liquid assets are used to … calculate household-specific probabilities of default (PD), aggregate bank exposure at default (EAD) and aggregate bank loss …

quantity restrictions. - Bank credit ; loan supply constraints ; euro area ; panel data …

We test the interest rate sensitivity of subprime credit card borrowers using a unique panel data set from a UK credit … conducted by the lender between October 2006 and January 2007. We find that individuals who tend to utilize their credit limits … fully do not reduce their demand for credit when subject to increases in interest rates as high as 3 percentage points. This …

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 … the euro area during the sovereign debt crisis, and in credit developments characterising the post-crisis recovery …

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 …

We offer new evidence on the real effects of credit shocks in the presence of employment protection regulations by … Germany. Our evidence suggests that labor market flexibility can dampen the negative effect of credit shocks by allowing firms …

-service-to-income (DSTI) limits - contain the build-up of systemic risk by reducing the probability and conditional impact of a crisis. While …

. - Mortgage debt ; credit markets ; financial distress ; household finance ; peer effects …-adjusted income levels, various socioeconomic characteristics, housing traits, country-specific constant terms, and household …

explainable by household characteristics as well as differences in risk aversion and a remainder. We employ the unexplained part …We use cross-country microdata to analyse the risk taking of households in Europe and the US. Concerning the extensive … inside Europe we document substantial differences. Furthermore, average risk aversion is strongly correlated with the share …