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Current empirical methods to identify and assess the impact of bank credit supply shocks rely strictly on multi … economy and most prone to credit supply shocks. We propose and underpin an alternative demand control (using industry …-location-size-time fixed effects) that allows identifying timevarying cross-sectional bank credit supply shocks using both single- and multi …
Persistent link: https://www.econbiz.de/10011920502
find that: bond finance dampens the overall response of firm credit to monetary policy shocks in economies with a high …
Persistent link: https://www.econbiz.de/10012212853
banks during the 1990s on credit allocation using the Short-term Economic Survey of Enterprises. This survey includes a … from our model. We found that credit was reduced when the balance sheet of firms and banks deteriorated. The effects are … particularly significant for non-manufacturing industries. -- Tankan Survey ; Credit crunch ; Ever-greening ; Non-performing loans …
Persistent link: https://www.econbiz.de/10003407383
The article supplements the research on the effectiveness of monetary policy transmission - especially through the bank lending channel. The current study focuses on assessing the transmission of monetary impulses through commercial and cooperative banks as well as through individual loan...
Persistent link: https://www.econbiz.de/10014515074
This paper aims to model the probability of a borrower violating an asset value covenant in a shipping bank loan agreement, where the main collateral (the vessel) exhibits very high price volatility. We estimate a logistic regression model on the largest dataset of shipping bank loans examined...
Persistent link: https://www.econbiz.de/10014260886
Firm investment, Intangible assets, Loan terms, Credit constraint, Survey data, Instrumental variable approachUsing …
Persistent link: https://www.econbiz.de/10012520775
This paper investigates how credit information sharing affects corporate trade credit. Utilizing the difference …-in-difference method, we find that infra-marginal bank borrowers significantly reduce their trade credit after the introduction of the … Chinese National Enterprise Credit Information Publicity System (NECIPS), a groundbreaking public credit registry in China …
Persistent link: https://www.econbiz.de/10014257176
leverage on GDP, credit and the interest rate spread. Increasing capital requirements for banks should therefore have no strong …
Persistent link: https://www.econbiz.de/10011667888
As the euro area has a predominantly bank-based financial system, changes in the composition and strength of banks’ balance sheets can have very sizeable implications for the transmission of monetary policy. This paper provides an overview of developments in banks’ balance sheets,...
Persistent link: https://www.econbiz.de/10012009071
credit. We estimate a structural model of credit demand, loan use, pricing, and firm default using matched firm-bank data … of demand for credit and default. Our counterfactual experiments show that while increases in adverse selection increase … prices and defaults on average, reducing credit supply, banks' market power can mitigate these negative effects …
Persistent link: https://www.econbiz.de/10012971793