This paper quantifies and assesses the impact of an adverse loan supply (LS) shock on Peru's main macroeconomic … restrictions. The main results indicate that an adverse LS shock: (i) reduces credit and real GDP growth by 372 and 75 basis points … identification schemes with sign restrictions; and that an adverse LS shock has a greater impact on non-primary real GDP growth. …

-analysis techniques, we summarise the results for five Latin American countries (Argentina, Brazil, Colombia, Mexico and Peru) that use … confidential bank-loan data. The use of granular credit registry data helps us to disentangle loan demand from loan supply effects … without making strong assumptions. Results from another three countries (Canada, Chile and the United States) corroborate the …