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Long-Run Price Elasticities of Demand for Credit : Evidence from a Countrywide Field Experiment in Mexico

Karlan, Dean S. - 2013

The long-run price elasticity of demand for credit is a key parameter for intertemporal modeling, policy levers, and … number of borrowers is also elastic. Credit bureau data does not show evidence of crowd-out. Competitors do not respond by …

Persistent link: https://www.econbiz.de/10013072069

The Level Effect of Bank Lending Standards on Business Lending

van der Veer, Koen - 2013

Do tightenings of bank lending standards permanently reduce bank lending? We construct a measure of a bank's level of lending standards using micro-data from the sample of banks participating in the Eurosystem Bank Lending Survey in The Netherlands and show that this level measure affects...

Persistent link: https://www.econbiz.de/10013074472

Bank Corporate Loan Pricing Following the Subprime Crisis

Santos, João A. C. - 2009

crisis from the same bank. Our findings, therefore, add some support to the concerns with the availability of bank credit …

Persistent link: https://www.econbiz.de/10013157668

The Effect of TlTRO-II on Bank Lending

Laine, Olli-Matti - 2020

This study estimates the effect of the European Central Bank's second series of targeted longer-term refinancing operations (TLTRO-II) on bank lending using bank level data from multiple countries and instrumental variable estimation. Effects on corporate loans and loans for consumption are...

Persistent link: https://www.econbiz.de/10012836596

The Loan Puzzle. A Study of Loans to Different Groups in the USA

Cafiso, Gianluca - 2020

We study loans from banking and non-banking lenders to different groups of borrowers in order to unveil significant differences on how those respond to a shock and evaluate possible alternative explanations for such differences. The objective is to gain insights useful to explain the loan...

Persistent link: https://www.econbiz.de/10012838236

The Impact of Relative Seniority between Bank Debt and Deposit on Bank Credit Spreads under Stressful Conditions

Chen, James - 2017

Using a new structural model of credit risk based on the normal instead of the lognormal firm value dynamics and market … price implied asset value volatility as the model volatility input, we quantify the value of credit spreads of the four … financial crises of 2008-2009 and 2011, the maximum 5-year bank credit spread among the four largest banks was over 400 basis …

Persistent link: https://www.econbiz.de/10012956317

The Effect of House Prices on Household Borrowing : A New Approach

Cloyne, James - 2017

We investigate the effect of house prices on household borrowing using administrative mortgage data from the United Kingdom and a new empirical approach. The data contain household-level information on house prices and borrowing in a panel of homeowners, who refinance at regular and...

Persistent link: https://www.econbiz.de/10012962124

Supply or demand : what drives fluctuations in the bank loan market?

Altavilla, Carlo; Boucinha, Miguel; Bouscasse, Paul - 2022

of sticky bank-firm relationships, estimate its structural parameters in euro area credit register data, and infer …

Persistent link: https://www.econbiz.de/10012818795

The Contribution of Loans to Economic Activity

Cafiso, Gianluca - 2020

We study the contribution of loans, granted to different borrower groups, to economic activity in the USA over the period 1971q1-2018q4. Significant economic recessions occurred along the period considered, we center our discussion around the recent Global Financial Crisis. Results are delivered...

Persistent link: https://www.econbiz.de/10012823053

The Effect of Macroprudential Policies on Credit Developments in Europe 1995-2017

Budnik, Katarzyna Barbara - 2020

The paper inspects the credit impact of policy instruments that are commonly applied to contain systemic risk. It …, borrower-based measures, caps on long-term maturity and exchange rate mismatch, and asset-based capital requirements on credit …

Persistent link: https://www.econbiz.de/10012824519