Using credit-registry data for Spain and Peru, we document that four main types of commercial credit-asset-based loans, cash-flow loans, trade finance and leasing-are easily identifiable and represent the bulk of corporate credit. We show that credit dynamics and bank lending channels vary...

We construct multivariate, state-space mixed-frequencies models for the main components of the Spanish General Government sector made up of blocks for each one of its subsectors: Central Government, Social Security and aggregate of Regional and Local government sectors. Each block is modelled...