reverse conditions between shipping, financial, commodity and credit markets. We find that shocks in the shipping market … market downturns. In the post crisis period the level of dependence drops systematically and the shipping market becomes more … variations in volatility, provoke accelerated decreases and function as a barometer of shipping market fluctuations …

question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …

hypothesis of safe asset shortage-induced excess credit booms and financial instability. As an alternative step forward from the …. Using the index, consecutive empirical exercises confirm the positive relationship of safe asset shortage-credit expansion …-2013 presents new evidence that the (high) level of private credit at a time of increasing safe asset shortage is the major …