question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …

question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …

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 … non-financial private sector had been originated by shadow banks. Consequently, dampening credit creation by the …

credit market and in funding markets. The reduction in the supply of credit by Eurozone banks caused riskier borrowers to …. Although global bank lending is often reported to amplify the international credit cycle, we show that foreign banking acted as … a shock absorber that weathered the real consequences of the credit crunch in Europe …

We analyze the determinants of real estate and credit bubbles using a unique borrower-lender matched dataset on … mortgage loans in Spain. The dataset contain real estate credit and price conditions (loan principal and spread, and the … contract) and the lender identity, over the last credit boom and bust. We find that lending standards are softer in the boom …

increases credit supply. In my empirical strategy I compare banks with and without access to securitisation and exploit the ABCP …: banks use unlocked capital from the securitisation of consumer credit to propel C&I lending …

stressed credit markets and confirms their superior performance in explaining the behavior of Credit Default Swap rates for the …

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