liquidate collateral affect non-mortgage credit provision in the context of personal loan application. The housing policy …-in-differences estimation and is not driven by changes in local credit demand. Improved collateral liquidity is the key channel driving the … results. Furthermore, the credit expansion does not lead to increased delinquency. Analysing credit statistics data verify …

This paper investigates the role of bank credit in predicting U.S. recessions since the 1960s in the context of a … bivariate probit model. A set of results emerge. First, credit booms are shown to have strong positive effects in predicting … declines in the business cycle at horizons ranging from six to nine months. Second, I propose to isolate the effect of credit …

This paper investigates the role of loan contract terms in the performance of consumer credit. Taking advantage of a …

credit booms. Such equilibria are characterised by sharp increases in credit supply and deteriorations in average loan …

Empirical evidence suggests that widespread financial distress, by disrupting enforcement of credit contracts, can be … self-propagatory and adversely affect the supply of credit. We propose a unifying theory that models the interplay between … enforcement, borrower default decisions, and the provision of credit. The central tenets of our framework are the presence of …

The US credit boom has been identified as one of the causes of the global financial crisis and the resulting debt … overhang is seen as the primary reason for the weak economic recovery. Most of the existing literature links the credit boom to … non-financial private sector had been originated by shadow banks. Consequently, dampening credit creation by the …

consideration for credit growth. Among the set of foreign-owned banks we find significant differences in loan growth between banks …

Credit reporting systems have become a widespread tool to assess the creditworthiness of prospective borrowers. This … paper studies the implications for credit access of using them in contexts where exogenous and transitory shocks affect … loan repayment, lower credit scores, and more frequent denials of future loan applications. I present evidence that …