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 …

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 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 …

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 …

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 …