lending in the sense that some socially productive firms are denied credit due to excessively high interest rate. …

credit booms. Such equilibria are characterised by sharp increases in credit supply and deteriorations in average loan …

find that: bond finance dampens the overall response of firm credit to monetary policy shocks in economies with a high …

Current empirical methods to identify and assess the impact of bank credit supply shocks rely strictly on multi … economy and most prone to credit supply shocks. We propose and underpin an alternative demand control (using industry …-location-size-time fixed effects) that allows identifying timevarying cross-sectional bank credit supply shocks using both single- and multi …

The information asymmetry between the borrower and the lender is a well-studied issue in the credit contracts. Various … mechanisms (credit rationing, short-term debt, relationship banking, collateralization) have been discussed in the literature to … reduce the asymmetry. This paper examines the role of credit line in reducing the information asymmetry through better risk …

-dealers when they are more profitable. These results allow for a better understanding of banks' credit risk management. …

. The banking system generates longer credit cycles on the time series compared to the business cycle, and also fosters … growth through lending, but deepens the recession during crises by decreasing credit supply. Macroprudential authority uses …

We explore the structural drivers of bank and nonbank credit cycles using an estimated medium-scale macro model that … potentially drive bank and nonbank credit growth. We find that sectoral shocks affecting the balance sheets of entrepreneurs who … borrow from the financial sector are important for the business cycle frequency fluctuations in bank and nonbank credit …