banks' credit supply to firms. To do so, we use creditregistry data from Germany and Portugal together with the European … Central Bank's policy-rate cuts in mid-2014. The pass-through of the rate cuts to banks' funding costs differs across the euro …' financing constraints matter less for the supply of credit and there is more risk taking. To rationalize these findings, we …

banks' credit supply to firms. To do so, we use credit-registry data from Germany and Portugal together with the European … Central Bank's policy-rate cuts in mid-2014. The pass-through of the rate cuts to banks' funding costs differs across the euro …' financing constraints matter less for the supply of credit and there is more risk taking. To rationalize these findings, we …

banks’ credit supply to firms. To do so, we use credit-registry data from Germany and Portugal together with the European … Central Bank’s policy-rate cuts in mid-2014. The pass-through of the rate cuts to banks’ funding costs differs across the euro …’ financing constraints matter less for the supply of credit and there is more risk taking. To rationalize these findings, we …

type of shock. Expansionary securitization shocks lead to a permanent rise in real GDP and a fall in inflation. Bank …Shocks to bank lending, risk-taking and securitization activities that are orthogonal to real economy and monetary … using a model of bank risk-taking and securitization. …