non-financial private sector had been originated by shadow banks. Consequently, dampening credit creation by the …The US credit boom has been identified as one of the causes of the global financial crisis and the resulting debt … overhang is seen as the primary reason for the weak economic recovery. Most of the existing literature links the credit boom to …

We investigate how financial contracting interacts with lending channel effects by tracing the anatomy of a credit … supply shock using micro-level data from a multinational bank. Borrowers with stronger lending relationships, higher non …-lending revenues, and those that pledge collateral, especially outside assets and real estate, experience less credit rationing …