scale from pre-existing credit lines and loan commitments in anticipation of cash flow disruptions from the economic …

scale from pre-existing credit lines and loan commitments in anticipation of cash flow disruptions from the economic …

manufacturer to increase the cash collected from car sales via a credit fire sale: reducing loan-to-value in the intensive margin …% to generate the same liquidity of a credit fire sale …

shorter maturity credit lines than large firms; (ii) have less active maturity management and therefore frequently have … expiring credit; (iii) post more collateral on both credit lines and term loans; (iv) have higher utilization rates in normal … recession. Consistent with the theory, the increase in bank credit in 2020:Q1 and 2020:Q2 came almost entirely from drawdowns by …

have despite this received scant attention in the credit-line literature. In this paper, I study the liquidity …