Jiménez, Gabriel; Ongena, Steven; José‐Luis Peydró; … - In: Econometrica 82 (2014) 2, pp. 463-505
We identify the effects of monetary policy on credit risk‐taking with an exhaustive credit register of loan applications and contracts. We separate the changes in the composition of the supply of credit from the concurrent changes in the volume of supply and quality, and the volume of demand....