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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 …
Persistent link: https://www.econbiz.de/10011920502
of firms partially offset reduced credit supply by resorting to alternative financing sources …
Persistent link: https://www.econbiz.de/10012839598
We investigate bank loans' specialness with a particular focus on the recent boom and bust cycle. We perform an empirical analysis using event study methodology on a sample of 253 large loan announcements for French borrowers between January 2000 and December 2009. We find a significant and...
Persistent link: https://www.econbiz.de/10013105186
and the change in the VIX index on release days to identify a pure credit supply shock and a risk-taking shock using sign … the VIX, the excess bond premium and stock prices decrease after a pure credit supply shock, they increase after a risk …
Persistent link: https://www.econbiz.de/10012608516
macroeconomic factors that influence credit risk in the peer-to-peer (P2P) lending market. By aggregating the United States (US …
Persistent link: https://www.econbiz.de/10013230437
We investigate bank loans' specialness with a particular focus on the recent boom and bust cycle. We perform an empirical analysis using event study methodology on a sample of 253 large loan announcements for French borrowers between January 2000 and December 2009. We find a significant and...
Persistent link: https://www.econbiz.de/10013110210
The study aims to investigate the impact of credit growth on the Maastricht criteria targeting process in the new … to maintain credit growth levels close to economic growth potential. …
Persistent link: https://www.econbiz.de/10010199902
This study addresses the relationship between product innovation and the demand and supply of trade credit. Theoretical … credit demand and supply. Using a sample covering SMEs from 24 European countries this relationship is tested empirically … of trade credit for SMEs. Innovative firms have a higher probability to face credit constraints and therefore have a …
Persistent link: https://www.econbiz.de/10010338387
We investigate whether and how firm-level political uncertainty affects firms' bank loan contracting. We find that firms facing higher firm-level political uncertainty are charged higher bank loan costs. This impact is amplified for firms with higher degrees of information asymmetry and firms...
Persistent link: https://www.econbiz.de/10012890494
of sticky bank-firm relationships, estimate its structural parameters in euro area credit register data, and infer …
Persistent link: https://www.econbiz.de/10012818795