when banks do not, their own stress can trigger a contractionary credit supply effect for firms. …

inclusion of a broad set of loan-level controls and fixed effects. We also find that the spread between high and low credit …

-Keynesianischen Ansatzes besteht darin, dass der Geldmarkt durch den Kreditmarkt ersetzt wird. Dadurch wird die makroökonomische Bedeutung des …

Empirical estimations of the drivers for loan extension mainly apply the outstanding stock of bank credit as the … and securitisation activity. This paper specifically applies a variable of new credit extensions for eight Euro area … countries in a simultaneous equation panel model to evaluate potential determinants for credit extension, and compares the …