This paper provides causal evidence on the effect of credit crunches on political polarization. We combine data on bank …

This paper aims to analyze changes in the transmission of monetary policy via bank lending when considering the impact … of the COVID-19 pandemic and the financial crisis. Using bank-level data of 31 commercial banks in Vietnam from 2007 to … 2021, we provide consistent evidence that the impact of monetary policy on bank lending tends to be more pronounced in the …

. Although global bank lending is often reported to amplify the international credit cycle, we show that foreign banking acted as … credit market and in funding markets. The reduction in the supply of credit by Eurozone banks caused riskier borrowers to … a shock absorber that weathered the real consequences of the credit crunch in Europe …