Michelangeli, Valentina; Peydró, José-Luis; Sette, Enrico - 2021
explaining loan acceptance. For pricing, borrower factors are instead stronger. Moreover, banks supplying less credit accept … riskier borrowers. Exploiting the administrative credit register, we show borrower-lender assortative matching, and that the … bank-level strength measure, estimated on the experimental data, determines credit supply and risk-taking to real firms. …