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effect of the reforms on overall credit supply, while at the same time documenting a substantial decline in borrower- and …
Persistent link: https://www.econbiz.de/10012299026
We analyse the bank lending activity after the financial crisis and focus on bank-specific supply factors. Using a rich microeconomic dataset from Bankscope and macroeconomic shocks data, we employ OLS and 2SLS fixed effects models with banking controls, macroeconomic shocks and institutional...
Persistent link: https://www.econbiz.de/10011598900
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 …
Persistent link: https://www.econbiz.de/10011920502
find that: bond finance dampens the overall response of firm credit to monetary policy shocks in economies with a high …
Persistent link: https://www.econbiz.de/10012212853
by a BigTech bank with those made by traditional banks, it finds that BigTech credit amplifies monetary policy … transmission mainly through the extensive margin. Specifically, the BigTech bank is more likely to grant credit to new borrowers …
Persistent link: https://www.econbiz.de/10014248716
bank grants credit to more new borrowers compared with conventional banks in response to expansionary monetary policy. The … changes in monetary policy. Overall, BigTech credit amplifies monetary policy transmission mainly through the extensive margin …
Persistent link: https://www.econbiz.de/10013336395
margin. This study contributes valuable insights into the efficacy of public credit support programs during crises …
Persistent link: https://www.econbiz.de/10014368450
have despite this received scant attention in the credit-line literature. In this paper, I study the liquidity …
Persistent link: https://www.econbiz.de/10014301414
We exploit a nation-wide introduction of mandatory disclosure of borrowers' total credit exposures and show that … sharing such information increases credit access independent of borrowers' history. Differentiating between borrowers applying … history, we find an overall increase in credit access measured by both loan application acceptance and credit amount. While …
Persistent link: https://www.econbiz.de/10014500915
This paper provides both theoretical and empirical analyses of the differences between BigTech lenders and traditional banks in response to monetary policy changes. Our model integrates Knightian uncertainty into portfolio selection and posits that BigTech lenders possess a diminishing...
Persistent link: https://www.econbiz.de/10014517651