cycle. With forward-looking banks, lending cycles, credit booms and busts, or suppressed and highly fragile bank systems can …-taking without fully hampering credit intermediation. …

insensitive to variations in external finance. While German banks affected by the crisis have significantly reduced their credit …

innovation was to make capital charges more sensitive to risk. Using data from the German credit register, and employing a … quantity and the composition of bank lending. We find that credit supplied by banks that introduced the model-based approach … exhibits a higher sensitivity to model-based PDs as compared with credit supplied by banks that remained under the traditional …

This study addresses the relationship between product innovation and the demand and supply of trade credit. Theoretical … credit demand and supply. Using a sample covering SMEs from 24 European countries this relationship is tested empirically … of trade credit for SMEs. Innovative firms have a higher probability to face credit constraints and therefore have a …