banks during the 1990s on credit allocation using the Short-term Economic Survey of Enterprises. This survey includes a … from our model. We found that credit was reduced when the balance sheet of firms and banks deteriorated. The effects are … particularly significant for non-manufacturing industries. -- Tankan Survey ; Credit crunch ; Ever-greening ; Non-performing loans …

fourth, that money-financed fiscal expansion is effective in raising output and inflation, and accompanied with lower credit … monetary policy a complement to or a substitute for macroprudential policy? What is the role of money-financed fiscal expansion …) model featuring deposit issuance via bank credit and endogenous default. We argue that the official policy rate and the …

We use monthly data on individual loans from the Italian Credit Register over the period from 1997 to 2019 and show … that bank credit expansions in the non-financial private sector are mostly explained by variations in the extensive margin … calculated either in credit flows or headcount of new borrowers. We then build on a flow approach to decompose changes in the net …

provides natural instrumental variables and a proxy for credit demand. Unlike previous papers, this paper studies the effects …

conventional sign-restriction approach could result in biased results when credit rationing or non-price lending terms exist. To …

The Kenyan credit market is characterised by imperfections that manifest themselves in imbalances in the form of credit … gaps where supply deviates from its long-run trend. This paper extends the analysis of the credit market adjustment process … that closes the credit gap by estimating a Seemingly Unrelated regression (SUR) model. The empirical results show that the …