The Main Street Lending Program was created to support credit to small and medium-sized businesses and nonprofit … operated by buying 95 percent participations in standardized loans from lenders (mostly banks) and sharing the credit risk with …

-level data for central and eastern Europe and controlling for the feedback effect of credit growth on bank soundness. No evidence … credit booms supervisors need to carefully monitor the soundness of rapidly expanding banks and stand ready to take action to …

a negative shock to banks' capital/assetratio on lending standards, which in turn affect consumer credit, mortgages, and … investment). In addition, our empirical model allows for feedback from spending and income to bank capital adequacy and credit …. Hence, we trace the full credit cycle. An exogenous fall in the bank capital/asset ratio by one percentage point reduces …

. The tendency to underprice systemic liquidity risk and currency-induced credit risk creates vulnerabilities that need …, but few have addressed those arising from currency-induced credit risks. …

We collect new data to assess the importance of supply-side credit market frictions by studying the impact of financial … recent crisis. We develop an identification strategy that uses the financial crisis as a shock to credit supply and exploits … firms more dependent on external financing. These results provide new evidence of a quantitatively important role of credit …