Union (EMU) banking sector. The paper's central hypothesis that capital adequacy of the EMU banking sector influenced credit …, the sub-hypothesis that higher capital adequacy resulted in negative credit growth was supported for the crisis period. We …

This paper uses a unique dataset where credit rejections experienced by euro area firms are matched with firm and bank … characteristics. This allows us to study simultaneously the role that bank and firm weakness had in the credit reduction observed in … strong determinants of credit rejections, in the crisis period bank weakness made it harder to obtain external finance for …

show a shock to the marked-to-market (MTM) value of bank exposures to sovereign debt led to credit tightening in 2010 …I investigate whether bank exposures to sovereign debt during the European debt crisis affected the real economy. I … to market, I explore the transmission channels of the unrealized losses on credit supply. I show that a shock to MTM …

This paper analyzes the impact of public credit guarantee schemes on the allocation and performance of bank credit … firm-bank level, with the share and amount of nonguaranteed (private) credit declining for firms that obtain guaranteed … during the COVID-19 crisis. We exploit exhaustive loan-level data from the credit register with unique information on the …

experienced pronounced credit booms at the same time that these imbalances were building up, this paper investigates the link … between domestic credit developments and the current account balance. Using a panel error correction specification, the … estimation results show that flows of bank loans to the non-financial private sector are a significant determinant of the current …

As the euro area has a predominantly bank-based financial system, changes in the composition and strength of banks … crisis, in a context of financial market stress and weak bank balance sheets, unconventional monetary policy measures have … non-standard measures were successful in stimulating lending and which bank business models were more strongly affected …

bank claims on extra-euro area residents, against a background of contracting euro area credit supply. Controlling for bank …This paper exploits a novel bank-level monthly dataset to assess the effects of global liquidity on the global flows of … risk, global credit demand, and price effects such as interest rate differentials and exchange rates, empirical evidence …

Cross-border bank lending to emerging markets dropped sharply in the second half of 2011 as the euro area crisis … that the latest contraction in cross-border bank lending was largely linked to the deteriorating health of euro area banks …

credit growth and the severity of the financial crisis, we find that countries with stronger FSCs are more likely to use the … CCyB, especially relative to countries where a bank regulator or the central bank has the authority to set the CCyB. While …