carry a uniform risk weight, irrespective of variations in credit risk. The proposed new Capital Accord of the Bank for … International Settlements provides for a greater sensitivity of capital requirements to credit risk, raising the question of whether … agencies. We combine Moody's data on changes in U.S. borrowers' credit ratings since 1970 with estimates of the risk profile of …

their moves to tighten or ease commercial credit standards. Although the Senior Loan Officer Opinion Survey uses a small … and output. The authors find a strong correlation between tighter credit standards and slower loan growth and output, even … after controlling for credit demand and other predictors of lending and output. The analysis also shows that the loan …

serious difficulties for stabilization policy. This paper investigates whether the credit-to-GDP ratio gap, which has been …-post revisions to the U.S. credit-to-GDP ratio gap are sizable and as large as the gap itself, and that the main source of these …

the bank's lending cycle that results in an easing of credit standards. This easing of standards may be compounded by … credit standards and bank-level loan spreads from bank management survey responses. The empirical analysis provides support …