that well-functioning credit markets would reflect a bank channel for monetary policy at work, we test whether a change in … and the associated change in interest rate does not affect change in bank credit, change in total debt and the proportion … of bank credit in total debt for any of the firms. We discuss the policy implications of the findings. …

find that: bond finance dampens the overall response of firm credit to monetary policy shocks in economies with a high …

by a BigTech bank with those made by traditional banks, it finds that BigTech credit amplifies monetary policy … transmission mainly through the extensive margin. Specifically, the BigTech bank is more likely to grant credit to new borrowers …

bank grants credit to more new borrowers compared with conventional banks in response to expansionary monetary policy. The … changes in monetary policy. Overall, BigTech credit amplifies monetary policy transmission mainly through the extensive margin …

inclusion of a broad set of loan-level controls and fixed effects. We also find that the spread between high and low credit …

the distribution of risk via credit supply. For identification, we exploit exhaustive US loan-level data since the 1990s …, borrowerlender relationships and Gertler-Karadi monetary policy shocks. Higher policy rates shift credit supply from banks to …, higher policy rates increase risk-taking, as less-regulated, fragile nonbanks -in all credit markets- expand supply to …