We analyze the determinants of real estate and credit bubbles using a unique borrower-lender matched dataset on … mortgage loans in Spain. The dataset contain real estate credit and price conditions (loan principal and spread, and the … contract) and the lender identity, over the last credit boom and bust. We find that lending standards are softer in the boom …

Banking crises are recurrent phenomena, often induced by ex-ante excessive bank risk-taking, which may be due to … behavioral reasons (over-optimistic banks neglecting risks) and to agency problems between bank shareholders with debt … related to bank insiders' sale of their own bank shares in the period prior to 2006:Q2 (the peak and reversal in real estate …

bank lending and risk-taking channels of monetary policy by exploiting – Italian's unique – credit and security registers …. In crisis times, with higher ECB liquidity, less capitalized banks react by increasing securities over credit supply …-crisis time, securities do not crowd-out credit supply. The substitution from lending to securities in crisis times helps less …

crisis. For identification, we use matched bank-firm level data, covering mainly small and medium-sized firms in Eastern …-owned banks contract their credit more during the crisis than locally-funded domestic banks do. Firms dependent on credit and with … performance; especially when single-bank, small or with limited tangible assets. Moreover, firms in countries with lower financial …