employ global public and private credit components of Herwartz, Ochsner, and Rohloff (2021) in factor-augmented vector …-autoregressions to trace credit shocks through the real economy (output, inflation and unemployment). Specifically, two components of … global credit boost the business cycle and lower unemployment in the short-run, namely government credit demand and business …

can cause a credit boom, which significantly increases its leverage. As is shown, the decisive role monetary policy plays …

provides natural instrumental variables and a proxy for credit demand. Unlike previous papers, this paper studies the effects …

The objective of this paper to investigate the effectiveness of credit easing policy in mitigating the economic fallout … channels: (i) higher non-performing loans provisions, and (ii) lower the marginal return of assets. Credit policy is modelled …. Unconventional monetary policy, namely credit easing policy, is shown to be ineffective in mitigating the effects of a financial …

area slowed down dramatically, bringing the economy close to a credit crunch. It was only after the start of the European … comprises several measures of financial access, such as credit availability, financial constraints, and interest rates. The …

area slowed down dramatically bringing the economy close to a credit crunch. It was only after the start of the ECB … measures of financial access such as credit availability, financial constraints and interest rates. The micro level nature of …

This study analyses the credit channel of monetary policy transmission via major credit providers in Kenya before and …, the study establishes whether controls on interest rates triggered a shift in credit allocation via a spectrum of … providers; commercial banks, savings & credit cooperatives, and micro-finance banks. Findings show that the strength of policy …

This paper examines the dynamics of deposit money banks (DMB) credit and the role of consolidation in credit growth in … data from 1999Q1 - 2013Q2 of the selected DMBs, the results show a positive relationship between post-consolidation credit … credit supply to economic growth, the total contribution of the consolidated credit growth to real activity was not …

mechanism of the Eurosystem's credit support policies since the start of the crisis. First, we show that these policies have … indeed been succesful in stimulating the credit flow of banks to the private sector. Second, we find support for the "bank … responded more to the credit support policies of the Eurosystem as a result of more favourable size, retail and liquidity …