changes in financial intermediaries’ balance sheets for the supply of credit, liquidity and asset prices, and, consequently …

financially turbulent periods in the 2000s in making investment decisions and in meeting demand for liquidity. A rise in … intermediaries develop, firms become more dependent on bank credit so that bank-dependent firms are more vulnerable to external …

financially turbulent periods in the 2000s in making investment decisions and in meeting demand for liquidity. A rise in … intermediaries develop, firms become more dependent on bank credit so that bank-dependent firms are more vulnerable to external …

level data in order to estimate the effects of bank financial distress on consumer credit and consumption expenditures …-mortgage liabilities compared to a matched sample of households. The reduced access to credit, however, does not result in lower levels of …, where even temporary adverse credit supply shocks are associated with significant real effects. …

We study the welfare implications of self-fulfilling bank runs and liquidity requirements, in a growth model where … distort banks' insurance provision against idiosyncratic shocks, and liquidity requirements resolve this distortion at the … cost of a credit tightening. Quantitatively, the welfare costs of self-fulfilling bank runs are equivalent to a constant …

changes in financial intermediaries' balance sheets for the supply of credit, liquidity and asset prices, and, consequently …

changes in financial intermediaries' balance sheets for the supply of credit, liquidity and asset prices, and, consequently …