recession. Consistent with the theory, the increase in bank credit in 2020:Q1 and 2020:Q2 came almost entirely from drawdowns by … large firms on pre-committed lines of credit. Differences in demand for liquidity cannot fully explain the differences in … shorter maturity credit lines than large firms; (ii) have less active maturity management and therefore frequently have …

% to generate the same liquidity of a credit fire sale …We study the role of captive finance in the car loan market when manufacturers' liquidity demand increases. Using a new … multi-country dataset on securitized car loans, we show that captive lending enables a liquidity constrained integrated …

explore the determinants of the choice of using bank loans for short-term liquidity insurance purposes or long-term funding …We show that illiquid assets such as bank loans are used by euro area banks both as central bank collateral for short …-term liquidity insurance purposes and for longer-term funding purposes for issuing covered bonds or asset-backed securities. We then …

The interplay between liquidity and credit risks in the interbank market is analyzed. Banks are hit by idiosyncratic … random liquidity shocks. The market may also be hit by a bad news at a future date, implying the insolvency of some … possible contingency, banks currently long of liquidity ask a liquidity premium for lending beyond a short maturity, as a …

This paper proposes a semi-structural approach to identifying excessive household credit developments. Using an … overlapping generations model, a normative trend level for the real household credit stock is derived that depends on four …-aged cohort, and institutional quality. Semi-structural household credit gaps are obtained as deviations of the real household …

suggests that the current Basel III requirement on liquidity ratio can decrease bank's risking-taking behavior while not …Objective - This paper uses a sample of annual observations of European banks to examine whether the liquidity risk … affects a bank's risk-taking behavior and its future loan growth.Methodology – A sample of European banks (27 member countries …

question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …

question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …

components of bank balance sheets and a decoupling of bank assets from deposits since the mid-1980s, marking a shift from credit … contraction in credit and to liquidity spirals. Subsequent measures by policymakers can be interpreted as attempts to avoid …We identify the origin of the contradicting perspectives on credit creation offered by Austrian, Mainstream and Post …

We show that loan origination time is key for bank lending standards, cycles, defaults and failures. We exploit the … credit register from Spain, with the time of a loan application and its granting. When VIX is lower (booms), banks shorten … loan origination time, especially to riskier firms. Bank incentives (capital and competition), capacity constraints, and …