Using information from the balance sheets of Spanish banks between 1995 and 2009 matched to credit information at the … lending to firms. We isolate the role of credit supply factors using the variation in capital growth associated with the bank … literature. The relatively small magnitude of credit supply factors may be explained by the weakness of loan demand in a context …

mortgage loans in Spain. The dataset contain real estate credit and price conditions (loan principal and spread, and the …We analyze the determinants of real estate and credit bubbles using a unique borrower-lender matched dataset on … contract) and the lender identity, over the last credit boom and bust. We find that lending standards are softer in the boom …

. We combine administrative data on all firms in Spain with a matched bank-firm-loan dataset incorporating information on … and firm-specific measures of upstream and downstream exposure, we construct firm-specific exogenous credit supply shocks … and estimate their direct and indirect effects on real activity. Credit supply shocks have sizable direct and downstream …

contraction for nearly 150 years in Spain. We first build a measure of capital ratio (i.e., the capital to assets ratio) for Spain … narrative identification of banking crises in Spain. Afterwards, we run a proper econometric test to analyze bank capital levels …’ impact on lending cycles, controlling for other determinants of credit growth. We find robust empirical evidence that higher …

. We combine administrative data on all firms in Spain with a matched bank-firm-loan dataset on the universe of corporate …-employee literature. Combining firm-specific measures of upstream and downstream exposure, we construct firm-specific exogenous credit … supply shocks and estimate their direct and indirect effects on real activity. Credit supply shocks have sizable direct and …

provides natural instrumental variables and a proxy for credit demand. Unlike previous papers, this paper studies the effects …

This paper investigates the relationship between bank competition and credit procyclicality for 17 OECD countries on … whether credit procyclicality is more important when the degree of bank competition is high. Our findings show that while … credit significantly responds to shocks to GDP, the degree of bank competition is not essential in assessing the …