a bank which prices credit risk. Savers own both firms and the commercial bank while borrowers require loans from the …

is credit driven but remedies horizontalism's omissions and over-simplifications. Twenty-five years later, horizontalism …

The importance of credit in the monetary transmission mechanism has recently attained a lot of attention due to a … growing understanding that credit market imperfections can have an impact on the monetary policy effectiveness. In this study … credit in the Polish monetary policy transmission. Papers on the role of credit in the money transmission mechanism (MTM) in …

Empirical research on the monetary transmission mechanism considering credit developments is almost exclusively limited … to the amount of outstanding credit in an economy. Two issues arise out of this. First, stock-flow inconsistencies might … occur. Second, the change of the outstanding amount of credit on banks´ balance sheets does not consist only of new lending …

credit crunch due to lack of capital and "excessive" risky lending due to moral hazard can obtain in a single model … requirement is sufficiently penalized.The model suggests that the mutually exclusive hypotheses of credit crunch excessive lending …

The paper examines the determination of bank lending during the Finnish credit boom of 1986-1990 with the data of 483 …

on the other hand.The findings do not support the hypothesis of a general credit crunch caused by capital insufficiency … contributed positively to credit growth of some subset of banks in 1992.This moral hazard behaviour differs, however, from that … weakest banks in terms of capitalization or credit risks, but more in the middle of the spectrum: not so strong that they …