Analysis of bank lending surveys in the USA and Europe and their predictive power in credit creation and subsequent GDP … are better predictors of credit in the economy and GDP growth than in the USA. This seem to be caused by greater reliance … system. Therefore, analysis of surveys based on approximately 60 banks is simply insufficient to determine overall credit …

applicants. The finding that this primarily occurs in credit cycle expansions is consistent with theory models that predict that … these firms' future financial performance? (2) Does this predictability vary across different stages of the credit cycle … relationship is primarily present in the expansionary stages of the credit cycle. This suggests that a firm's current bank lender …

applicants. The fi nding that this primarily occurs in credit cycle expansions is consistent with theory models that predict that … these fi rms' future fi nancial performance? (2) Does this predictability vary across different stages of the credit cycle … relationship is primarily present in the expansionary stages of the credit cycle. This suggests that a fi rm's current bank lender …

estimates. -- Credit risk ; Bank loans ; Loss given default ; Forecasting …