resources in the form of deposits. Therefore, bank credit needs to be modelled as a monetary phenomenon, which directly fuels … closely resembles that of credit, which allows us to analyse real and nominal consequences of bank credit (and money) creation. …

This paper analyses the role of bank-specific and business cycle factors in explaining the development of credit … factors in explaining its credit standards. We also find that credit standards and credit demand play complementary roles for … loan developments at the individual bank level. Throughout most of the study period, shocks to credit demand are …

Survey ; credit supply ; panel data ; financial crisis ; Germany …

This paper analyses the role of bank-specific and business cycle factors in explaining the development of credit … factors in explaining its credit standards. We also find that credit standards and credit demand play complementary roles for … loan developments at the individual bank level. Throughout most of the study period, shocks to credit demand are …

monetary policy in the euro area via shifts in the supply of credit. We find that a bank lending channel is operational for …