We develop a model of bank lending that allows for credit rationing in equilibrium. Recognizing that small firms incur … a higher percentage cost of monitoring than large firms, the model shows that the incidence of bank credit rationing … consistent with a pattern of a differentially greater degree of rationing of credit to small borrowers during the Great Recession …

Regaining emergency cash control, unused borrowing capacity, using float, credit meltdown, cash survival, mining cash … in inventory, Superdisk: what went wrong, regaining credit, deflating work in process balloon, forecasting during …

Credit availability from different sources varies greatly across firms and has firm-level effects on investment … extensive and intensive margins of different funding sources to study the role of firm choices on the transmission of credit … mostly rely on a small number of banks and internal funding. Our quantitative analysis shows that bank credit supply shocks …

The paper argues that the incidence of moral hazard played a significant role in the 2007/2008 credit crunch. In … case studies further indicate that the phenomenon of “gambling traders” was widespread during the credit crunch, when high … the inaccuracy of credit ratings contributed to the employees' ability to conceal the underlying risk from the banks …

We study 52 million trade credit contracts, issued by 51 suppliers over 9 years to about 199,000 unique customers. The … analysis contradicts the conventional view that trade credit is an inferior source of funding. Specifically, while we replicate … rather than smaller trade credit usage. In fact, customers' financial conditions are unrelated to agreed contract duration …

screen out high credit risk and potentially increase access to credit for small business owners in Peru. We use … entrepreneurs who were offered a loan based on the traditional credit-scoring method versus the EFL tool. We find that the … entrepreneurs - i.e., those with a credit history. For unbanked entrepreneurs - i.e., those without a credit history - using the EFL …

In this paper, we find that reduced credit supply reduces firm investments in our sample of small private firms. The … firms hedge against potential future credit supply shocks? (ii) did they have better access to shareholder funding? or (iii … differences in the effects of reduced credit supply on investments across conventional financial constraint categories. The …

Current empirical methods to identify and assess the impact of bank credit supply shocks rely strictly on multi … economy and most prone to credit supply shocks. We propose and underpin an alternative demand control (using industry …-location-size-time fixed effects) that allows identifying timevarying cross-sectional bank credit supply shocks using both single- and multi …