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

, we offer new empirical evidence that credit declines during a recession primarily because of the reduction in the net … the bank credit market). Along the macroeconomic dimension of these gross flows, we document four cyclical facts. First …, the volatility of borrower inflows is two times as large as the volatility of obligors exiting from the credit market …

We use monthly data on individual loans from the Italian Credit Register over the period from 1997 to 2019 and show … that bank credit expansions in the non-financial private sector are mostly explained by variations in the extensive margin … calculated either in credit ows or headcount of new borrowers. We then build on a ow approach to decompose changes in the net …

macroeconomically relevant increase in lending by commercial government banks. Using credit registry data, we find that this … intervention led to a reduction in lending rates, but it did not lead to a change in private banks’ credit supply. Firms reliant on … intervention. At the regional level, we find that branch presence cannot explain credit growth due to cross-market borrowing. Once …

macroeconomically relevant increase in lending by commercial government banks. Using credit registry data, we find that this … intervention led to a reduction in lending rates, but it did not lead to a change in private banks' credit supply. Firms reliant on … intervention. At the regional level, we find that branch presence cannot explain credit growth due to cross-market borrowing. Once …

This paper investigates the housing and mortgage markets by means of an agent-based macroeconomic model of a credit … households’ creditworthiness conditions required by banks in order to grant a mortgage. Results show that easier access to credit …

In this paper the authors present an agent-based model of a credit network economy. The artificial economy includes … market, the labor market, the credit market and the housing market. A set of computational experiments, based on numerical … conditions required by the banking system to grant a mortgage. The authors find that easier access to credit inflates housing …

credit booms. Such equilibria are characterised by sharp increases in credit supply and deteriorations in average loan …