Middle-aged people have a higher demand for bank loans compared to other age groups and banks that are active in …-capitalized banks, we highlight the importance of bank capital in banks' lending and financing decisions … loans. Using this variation, we show that banks increase their loan supply and expand their balance sheet with an increase …

the credit cycle from the micro rating data. We relate this cycle to the business cycle, bank lending conditions, and …We study the relation between the credit cycle and macro-economic fundamentals in an intensity-based framework. Using … financial market variables. In line with earlier studies, these variables appear to explain part of the credit cycle. As our …