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 …

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 …

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 …

evolution of bank credit. We use a unique loanlevel dataset comprising multiple credit registers from several European countries … and different types of loans, including corporate loans, mortgages and consumer credit. We merge this rich information …. We find that monetary policy easing increases both bank lending and lending to riskier borrowers, especially when there …

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 …

intensive and extensive margin of lending. Moreover, we show that the guarantee scheme results in credit substitution at the …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 …

Recent theoretical models argue that a bank’s organizational structure reflects its lending technology. A …. We investigate theoretically and empirically how bank organization shapes banking competition. Our theoretical model … illustrates how a lending bank’s geographical reach and loan pricing strategy is determined not only by its own organizational …

The relationships among competition in the financial sector, access of firms to external financing, and associated … economic growth are ambiguous in theory. Moreover, measuring competition in the financial sector can be complex. In this paper … Claessens and Laeven first estimate for 16 countries a measure of banking system competition based on industrial organization …

expansion of this market. We show that lending standards declined more in areas that experienced larger credit booms and house …This paper links the current sub-prime mortgage crisis to a decline in lending standards associated with the rapid … declines in lending standards by incumbent banks. Finally, lending standards declined more in areas with higher mortgage …