lending can be explained by a shift in credit towards both export-intensive firms and small banks without foreign asset … exposure that have a higher share of exporting firms in their credit portfolio. We also find that German regions where these …

minimum standard is unlikely to exhibit adverse consequences for credit supply and bank profitability. …

We show that credit supply shocks have a strong impact on firm-level as well as aggregate investment by applying the …

We study the synchronization of credit booms and busts among 12 major European economies and the United States between … 1972-2011. We propose a regression-based procedure to test whether boom-bust phases of credit cycles coincide across … countries and to cluster countries with positively synchronized credit cycles. We find strong evidence against the existence of …

credit demand-side factors. The public mandate is set by local governments and stipulates a deviation from strict profit … percent less cyclical than other local banks. The result is credit supply-side driven and especially strong for savings banks …

experienced pronounced credit booms at the same time that these imbalances were building up, this paper investigates the link … between domestic credit developments and the current account balance, distinguishing between a credit pull and a credit push …

Excessive credit creation by banks was at the root of the recent financial crisis. Nevertheless, micro … overoptimism causes excessive lending, subsequently yielding abnormal loan write-offs. We propose a new measure of excessive credit … growth known from macroeconomics to identify credit booms and test our model for German bank and bankportfolio level data …

The US credit boom has been identified as one of the causes of the global financial crisis and the resulting debt … overhang is seen as the primary reason for the weak economic recovery. Most of the existing literature links the credit boom to … non-financial private sector had been originated by shadow banks. Consequently, dampening credit creation by the …