credit growth and reduces the credit's decline if a systemic crisis materializes. Conversely, overly depleted bank capital …In this paper, we analyze the role bank capital played in systemic banking crises and in lending expansion and … narrative identification of banking crises in Spain. Afterwards, we run a proper econometric test to analyze bank capital levels …

that excessive credit growth, credit cycles, and bank failures are phenomena related to distinct patterns of banks …

In this paper the authors present an agent-based model of a credit network economy. The artificial economy includes … market, the labor market, the credit market and the housing market. A set of computational experiments, based on numerical … conditions required by the banking system to grant a mortgage. The authors find that easier access to credit inflates housing …

This paper investigates the housing and mortgage markets by means of an agent-based macroeconomic model of a credit … households’ creditworthiness conditions required by banks in order to grant a mortgage. Results show that easier access to credit …

We develop a model of bank lending that allows for credit rationing in equilibrium. Recognizing that small firms incur … a higher percentage cost of monitoring than large firms, the model shows that the incidence of bank credit rationing … consistent with a pattern of a differentially greater degree of rationing of credit to small borrowers during the Great Recession …

The paper estimates the effects on the real economy of the sharp reduction in the supply of credit following the 2008 … financial crisis. We develop a measure of local credit supply that is based on the market shares of the banks that serve a local … economy and the national change in each bank's lending that is attributable to supply factors (i.e. Purged of local demand …

data from the Credit Register at the Bank of Italy for the period 2007-2009, we find that women-owned firms faced a more …During the financial crisis banks faced liquidity shocks, and lending slowed down. The reduction in credit availability … needs; on the other hand, the tightening of credit supply was the result of banks' greater risk-aversion, difficulties in …

IFRS 9 substantially affects the financial sector by changing the impairment methodology for credit losses. This paper … analyzes the implications of the change from IAS 39 to IFRS 9 in the context of bank resilience. We shed light on two effects …. First, the "cliff-effect", which refers to sudden increases in impairments. It occurred under IAS 39, as credit losses were …

This paper uses matched bank-firm-level data and the 2014 depreciation of the euro to show that exchange rate … depreciations lead to increased bank loan supply of large banks with significant net foreign asset exposure. This increase in … lending can be explained by a shift in credit towards both export-intensive firms and small banks without foreign asset …

This paper investigates the relationship between bank competition and credit procyclicality for 17 OECD countries on … whether credit procyclicality is more important when the degree of bank competition is high. Our findings show that while … credit significantly responds to shocks to GDP, the degree of bank competition is not essential in assessing the …