order to escape the current combination of liquidity trap and credit crunch. It shortly discusses reasons for this measure …. -- Financial crisis ; monetary policy ; liquidity trap ; credit crunch ; asset markets …

bank lending associated with changes in monetary policy and industryspecific bank credit demand. To this end, we estimate … that industry-specific bank lending growth predominantly responds to changes in industry-specific bank credit demand rather … lending. Because industries are a prominent source of variation in the bank lending effects of bank credit demand and monetary …