in which such banks cut dollar lending more than euro lending in response to a shock to their credit quality. Because … lending. We test the model in the context of the Eurozone sovereign crisis, which escalated in the second half of 2011 and … dollar funding, there were significant violations of euro-dollar CIP. Moreover, dollar lending by Eurozone banks fell …

in France whose rates are set by the government. Using administrative credit-registry and regulatory bank data, we find … that a one-percentage-point increase in funding costs reduces credit by 17%. To insulate their profits, banks reach for …

margin. This study contributes valuable insights into the efficacy of public credit support programs during crises …

A model of imperfectly competitive banks is examined under asymmetric information about borrower quality. Greater bank … credit booms. Such equilibria are characterised by sharp increases in credit supply and deteriorations in average loan … empirical results on the relationship between bank competition and financial stability. The model can be used to define a …

In this paper, we find that reduced credit supply reduces firm investments in our sample of small private firms. The … that is linked with financial, bank account and ownership data, and take advantage of the financial crisis in 2008-9 as a … firms hedge against potential future credit supply shocks? (ii) did they have better access to shareholder funding? or (iii …

In this study, we aim to assess the relevance of credit composition to entrepreneurship empirically in light of the …-called neutrality principle or undertake an active credit policy. We employ a panel data model to quantify the effect of credit … composition on entrepreneurship in 54 high- and middle-income economies from 2001 to 2016. To capture credit composition, we …

the impact of a large credit support program deployed in Peru in 2020 (Reactiva Peru'). We examined real outcomes such as …

on productivity or investment, zombies may also cause negative financial spillover effects, where zombies receive credit … whether they cause spillovers on healthy firms’ credit conditions, focusing on two variables: new credit and interest rates …. Contrary to existing findings, our results indicate that zombie firms pay higher interest rates and receive less new credit …

on productivity or investment, zombies may also cause negative financial spillover effects, where zombies receive credit … whether they cause spillovers on healthy firms’ credit conditions, focusing on two variables: new credit and interest rates …. Contrary to existing findings, our results indicate that zombie firms pay higher interest rates and receive less new credit …