of the credit crunch mitigated a firm's loss of borrowing from its main bank. We further find that the state owned … institution's lending instrumented by the main bank's lending supply growth as explained by the bank's capital adequacy, which …

this case, contagion may occur if a bank hit by a liquidity shock calls in some loans and borrowers then pay them back by … investigate a specific type of externality that originates from those borrowers that obtain liquidity from more than one bank. In …

increases credit supply. In my empirical strategy I compare banks with and without access to securitisation and exploit the ABCP …: banks use unlocked capital from the securitisation of consumer credit to propel C&I lending …

employment and lowered default rates, and 3) partially substituted government-guaranteed loans for traditional loans. IV analysis … play a beneficial role in the presence of private credit market frictions, especially when financial constraints are severe …

To measure the real effects of credit-supply disruptions during financial crises, we develop a quantitative model of …, census-type panel dataset for manufacturing firms and find that the contraction in credit supply during the Greek Depression … and uncertainty. Our empirical framework does not require cross-sectional variation in credit-supply conditions to …