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 …

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 …