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 previously …

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 growth dynamics and bank lending channels vary across these loan types. Moreover, aggregate credit supply …

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

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 growth dynamics and bank lending channels vary across these loan types. Moreover, aggregate credit supply shocks …

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 previously …

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 …

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 …