insured U.S. commercial bank from 1999:Q1 to 2008:Q4 to construct credit expansion and credit contraction series and provide … new evidence on changes in lending. Until 2008:Q3 net credit growth was not dissimilar to the 1980 and 2001 recessions …. However, between the third and fourth quarter credit contraction grew larger than credit expansion across all types of loans …

This thesis consists of four self-contained papers related to banking, credit markets and financial stability. Paper [I …] presents a credit market model and finds, using an agent based modeling approach, that credit crunches have a tendency to occur …; even when credit markets are almost entirely transparent in the absence of external shocks. We find evidence supporting the …

-based filters. We identify the financial cycle with the medium-term component in the joint fluctuations of credit and property …

developing a better understanding of credit and its mechanisms. A rapidly growing strand of the literature views banks as facing …. This work explores the way banks in Colombia manage their balance sheet and sheds light into the dynamics of credit and …

in a debtor-creditor partnership. The credit market is seen from the perspective of principal-agent theory and the …