expansion of this market. We show that lending standards declined more in areas that experienced larger credit booms and house …

This paper analyzes the impact of public credit guarantee schemes on the allocation and performance of bank credit … during the COVID-19 crisis. We exploit exhaustive loan-level data from the credit register with unique information on the … from banks to which they have larger pre-COVID credit exposures, measured as the share of the firm’s total credit …

We study the effects of credit over the business cycle, distinguishing between expansions and contractions. We find … that there is a growth and risk trade-off in the pace of credit growth over the business cycle. While rapid credit growth … tends to be followed by deeper recessions, we also find that credit growth has a positive impact on the duration of …

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 …

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 across these loan types. Moreover, aggregate credit supply shocks …