’ impact on lending cycles, controlling for other determinants of credit growth. We find robust empirical evidence that higher … when entering a credit contraction period severely impacts lending (i.e., may bring about a deep credit crunch), with …In this paper, we analyze the role bank capital played in systemic banking crises and in lending expansion and …

imply an increase of 3 to 3.5 jobs for each million dollars of loans, suggesting real effects of credit constraints …. Estimated impacts are stronger for younger and larger firms and when local credit conditions are weak, but we find no clear …

lenders. The estimation results imply an increase of 3-4 jobs for each million dollars of loans, suggesting that credit … for the SBA 504 versus 7(a) programs, and with respect to the business cycle, local credit conditions, and within …

argument that higher capital reduces the cost of uninsured debt, the positive effect of bank capital on lending is stronger … capital on lending …

, a for-profit monopolist, and a competitive credit market. To understand the magnitude of the effects analyzed, we … severe implications for borrower welfare, while despite possible enforcement externalities competition typically delivers … similar borrower welfare to non-profit lending …

How do changes in market structure impact accessibility to credit? Following the introduction of publicly disclosed … differs across regions, with shares dropping an additional 1.1 pp in non-urban areas. Credit substitution by other lenders is … imperfect. Originations drop in areas more reliant on CCAR credit. Borrowing conditions diverge as well: non-urban counties see …