examination of credit files of five leading German banks, thus relying on information actually used in the process of bank credit …

paper to provide a direct comparison between housebanks and "normal" banks as to their credit policy. Therefore, we analyze … a new data set, representing a random sample of borrowers drawn from the credit portfolios of five leading German banks … over a period of five years. We use credit-file data rather than industry survey data and, thus, focus the analysis on …

differ greatly between instruments. Our findings have implications for understanding the credit crisis and for policy making …

differ greatly between instruments. Our findings have implications for understanding the credit crisis and for policy making …