We show that credit supply shocks have a strong impact on firm-level as well as aggregate investment by applying the … methodology developed by Amiti and Weinstein (2013) to a rich dataset of matched bank-firm loans in the Portuguese economy for the … growth rate of individual loans in our dataset is decomposed into bank, firm, industry and common shocks. Adverse bank shocks …

companies, and on firm investment. Our results suggest that an increase in bank market power reduces firms' credit availability …This article investigates the short-term and long-term effects of bank market power on the availability of credit for … and investment in the short-term, but firm investment recovers in the long-term. The economic significance of these …

supply. To isolate the uncertainty effect from the credit supply effect, we employ matched bank-firm loan data covering all … analysis of firm investment, suggesting that high uncertainty may transmit to investment and bank loans mainly through the real …This paper studies how high uncertainty affects corporate bank loans, addressing the important identification issue. In …