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 …

findings - an expansionary monetary policy shock implies a temporary increase in bank lending relative to borrower collateral …

findings - an expansionary monetary policy shock implies a temporary increase in bank lending relative to borrower collateral …