for shocks to firms' credit supply to identify the balance sheet shock and examine its real consequences. I find that non … following the shock, but are able to increase borrowing in peso loans, resulting in relatively higher growth in employment and …

This paper uses loan-level data from Peru's credit registry to determine how the role of bank-specific characteristics … (i.e. bank size, liquidity, capitalization, funding, revenue, and profitability) may affect the supply of credit in …. Finally, we assess how the link between bank-specific characteristics and credit supply is affected by global financial …

credit booms. Such equilibria are characterised by sharp increases in credit supply and deteriorations in average loan …

monetary transmission mechanism. We employ a simple model of a financial accelerator (synonymously: a broad credit channel of …

reinforce real fluctuations. In these models, it is typically a monetary policy shock that serves to lower the value of an asset … which is used to secure a firm's borrowing, thereby generating broad credit channel effects of monetary transmission. We … by corporate finance models that generate hedge incentives by introducing asymmetric information into the credit markets …

better than in previous crisis episodes, albeit with significant differences across regions. For example, real credit growth … the country and the bank levels that contributed to the behaviour of real credit growth in Latin America during the global … financial crisis. The resilience of real credit during the crisis was highly related to policies, measures and reforms …

' default shock and Europe's sovereign debt crisis. We use a large data set that merges the comprehensive Italian Credit and …

of household decisions and their interplay with credit conditions and asset prices in the light of empirical evidence. In …, uncertainty, time varying credit conditions, wealth and housing collateral effects, as well as income expectations, explains the …

The pre-crisis period was characterised by ample liquidity, a credit boom, and low yields in a wide range of asset … relation between liquidity and the excessive accumulation of risks remains a central policy question. How do credit booms … affect incentives? In the case of the government sector, credit booms may affect the incentives of different interest groups …