firms accelerate, loan growth. We find that small firms increase trade credit, a substitute credit, indicating a strong loan …-desirable alternative. Using trade credit is propitious since unlike commercial paper (investigated by previous researchers), it is widely … used by the small firms suffering the loan decline. Surprisingly, we also find large firms increase trade credit, a puzzle …

In this paper, we empirically assess the effects of the decomposed private sector credit on the economic growth and … decomposing bank credit into households and enterprises so that we can assess their effects on both, the economic growth and REER … economic growth, whereas for the household credits the result is ambiguous. Regarding the impact of the decomposed credit on …

What explains the post-crisis slowdown in bank credit to private sector in the South-East European economies? We try to … answer this question, by comparing the actual credit growth to the fundamental and equilibrium growths. The fundamental … economy being in medium-term equilibrium. Results suggest that the slowdown reflects both return of the credit activity to its …

For more than seven years interest rates have remained on historically low levels. Yet both credit growth and the … structural factors and policies that dampen the risk of escalating prices and credit expansion on the German housing market …

persons based on a core set of harmonised concepts and definitions. Starting with reference data from September 2018, credit …) individual credit exposures falling within the reporting scope. The reporting framework is the outcome of in-depth discussions … Regulation, AnaCredit will, already in Stage 1, significantly enhance the value for analysis on credit and credit risk in the …

Empirical credit demand analysis undertaken at the aggregate level obscures potential behavioral heterogeneity between … the credit cycle with respect to interest rates, output and house prices is found. The results motivate sector …

others blow over. We demonstrate that what makes some bubbles more dangerous than others is credit. When fueled by credit … slower recoveries. Credit-financed housing price bubbles have emerged as a particularly dangerous phenomenon. …

The credit increased expressive and continuously throughout the Lula government, even after the 2008 crisis. This study … legislation as well as financial innovations, in a favorable macroeconomic context, affected credit and contributed to explain the … increase of supply of credit with free resources between 2004 and 2008. In 2009 and 2010 deliberate government decision to …

-2009 output collapse. To this end, we use three variables: credit stock, credit flow and money supply M1. We find that the changes … created credit than in the case of consumption, which is rather correlated with the whole money supply M1. In conclusion, we … recorded an increase of credit flow along with the GDP. The new flow of money is mostly used for investment and consumption …