branches in the UK, we connect firms' access to bank credit to the financial condition (i.e., bank health and the use of core … conditions did not influence credit availability irrespective of the functional distance (i.e., the distance between bank branch …We study the sensitivity of banks' credit supply to small and medium size enterprises (SMEs) in the UK to banks …

: financing frictions for credit-dependent firms were more severe in less integrated prefectures, which saw larger decreases in … century, silk reeling emerged as the main export industry. The silk reeling industry depended heavily on credit for working … of silk filatures in 1895 as an instrument, we confirm that the post-1990 decline was worse in prefectures where credit …

indeed been succesful in stimulating the credit flow of banks to the private sector. Second, we find support for the “bank … mechanism of the Eurosystem's credit support policies since the start of the crisis. First, we show that these policies have … effect). The role of bank capital is, however, ambiguous. Besides the above favorable direct effect on loan supply, lower …

incentives to implement such a trigger? We construct a theoretical model of a bank that is financed with debt and equity, and a … bank manager monitoring the bank's loan portfolio. The manager must be incentivized to warn the board before a crisis …

bank market values hardly respond to changes in the default risk of individual systemic banks. Together, however, changes … robust across several sub-samples, using both credit default swap spreads and Moody's expected default frequencies as …

A puzzling but consistent result in the empirical literature on banking is that firms with close bank ties do not grow … faster than bank-independent firms. In this paper, we reconsider the link between relationship lending and firms' growth … and health status. We explore the influence of long-lasting bank relationships on employment and asset growth of a large …

information on a firm's credit demand, we develop a direct measurement for access to credit and provide for the first time an … empirical evaluation of these methods. We find that information on the usage of credit is not sufficient to identify financially …

financial institutions in the transmission of credit and technology shocks to the real economy. A positive credit shock, defined … between loan and deposit rates. The effects of the credit shock tend to be highly persistent even without price rigidities and …This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle …

unique data set that covers almost all bank-firm relationships in Italy in the period 2004-2013, we find that, during the …Do banks with low capital extend excessive credit to weak firms, and does this matter for aggregate efficiency? Using a … Eurozone financial crisis: (i) Under-capitalized banks were less likely to cut credit to non-viable firms. (ii) Credit …