This paper investigates whether the effect of bank lending shocks has changed over time using a sign-restriction Vector … Autoregression approach. To the extent to which the effect of bank lending shocks depends critically on firms' ability to access …. Indeed, we confirm that the effect of bank lending shocks on output has decreased significantly since the 1980s. Consistent …

This paper investigates the association between market power and bank liquidity across 113 developed and developing … countries. Using bank-level measures of market power (both a conventional and a funding-adjusted Lerner index) and Generalised … Methods of Moments estimators, we find an inverse U-shaped relation between bank market power and liquidity. It shows that …

This paper uses a unique dataset where credit rejections experienced by euro area firms are matched with firm and bank … characteristics. This allows us to study simultaneously the role that bank and firm weakness had in the credit reduction observed in … strong determinants of credit rejections, in the crisis period bank weakness made it harder to obtain external finance for …

that well-functioning credit markets would reflect a bank channel for monetary policy at work, we test whether a change in … and the associated change in interest rate does not affect change in bank credit, change in total debt and the proportion … of bank credit in total debt for any of the firms. We discuss the policy implications of the findings. …