England and HM Treasury in June 2012, with the aim of improving the supply of credit to the UK real economy. Despite the …, and the intention was to provide lenders with a stable source of lower-cost funding to support credit provision to the … 2013 to help identify changes in credit supply from credit demand. Specifically, the change sharpened incentives to lend to …

In the wake of the 2008-09 financial crisis, a number of European OECD countries introduced credit mediation schemes …, as a new, often temporary mechanism to help ease access to finance by SMEs. This report investigates the nature of credit … mediation and credit review schemes implemented in selected countries (i.e. Belgium, France, Germany, Ireland and Spain) in the …

higher risk profile. Since the relationship between credit ratings and firm-level productivity is U-shaped, the aggregate …

business credit further expansion slows rather than boosts growth. Causality from more credit to slower growth is supported by … exogenous variation in financial size. The empirical analyses point to five factors that link more credit to slower growth: i …) excessive financial deregulation, ii) a more pronounced increase in credit issuance by banks than other intermediaries, iii) too …