companies, and on firm investment. Our results suggest that an increase in bank market power reduces firms' credit availability …This article investigates the short-term and long-term effects of bank market power on the availability of credit for … and investment in the short-term, but firm investment recovers in the long-term. The economic significance of these …

2015, we test whether young businesses are more likely to face credit rejections from lenders than their older peers. Our … the issue of sample selection bias potentially affecting our data. Additional tests also reveal that credit constraints … viability of credit and, thus, ensure the growth of young businesses in the Euro area. …

A crucial condition for the existence of a credit channel through bank loans is that monetary policy should be able to … small banks are excluded. Overall, the evidence is compatible with the existence of a credit channel, although it is …