the euro area during the sovereign debt crisis, and in credit developments characterising the post-crisis recovery … strong determinants of credit rejections, in the crisis period bank weakness made it harder to obtain external finance for …This paper uses a unique dataset where credit rejections experienced by euro area firms are matched with firm and bank …

cycle. With forward-looking banks, lending cycles, credit booms and busts, or suppressed and highly fragile bank systems can …-taking without fully hampering credit intermediation. …

amplify the bust. Moreover, mortgage credit growth across the income distribution is consistent with recent findings that were …We study quantitatively how far shifts in the credit supply can generate a boom-bust cycle, similar to the one observed … support for the credit supply channel. The deterioration of bank balance sheets during the bust, the existence of highly …

, mortgage credit growth across the income distribution is consistent with recent findings that were otherwise argued to be …Can shifts in the credit supply generate a boom-bust cycle similar to the one observed in the US around 2008? To answer … in the housing market, the banking sector, and the rest of the macroeconomy, which provides strong support for the credit …