bank lending and risk-taking channels of monetary policy by exploiting – Italian's unique – credit and security registers …

We propose a new methodology to identify aggregate demand and supply shocks in the bank loan market. We present a model … of sticky bank-firm relationships, estimate its structural parameters in euro area credit register data, and infer … largely explained by demand shocks. Fluctuations in lending rates were instead mostly determined by bank- driven supply shocks …

standards change in reaction to two specific macroeconomic developments, namely an increase in bank funding costs and a sudden …. Insofar, we provide evidence of heterogeneity in the bank lending channel, depending on the situation of the lenders and the …

Analyses of zombie firms have emphasised the role of bank financing as the reason for zombie survival. This conclusion … between zombie survival and bank financing; this result is robust to various measurement and specification issues. Instead, a …