on financial stability and the real economy. We investigate the cyclicality of SME lending by local banks with vs … 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 …

-based capital regulation significantly affected low capitalized banks. The impact depends on a bank's credit risk model, i …

consistency of own funds requirements with the riskiness of SME. In both the French and the German sample, results suggest that … the relative differences between the capital requirements for large corporates and those for SME (in other words the … capital relief for SME) are lower in the Basel III framework than implied by empirically estimated asset correlations. Results …

and by the central institutions of savings banks and credit unions. Third, for the banks affected by the levy, we find …

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 …

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 …

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