uneven change in credit conditions during the COVID-19 pandemic and the unprecedented government credit guarantee programme … in France to investigate whether liquidity support to firms affects political preferences. Drawing on credit registry … data - which provides the universe of loans and credit lines to firms - we build a postcode-municipality-level dataset and …

initially raises housing credit demand and crowds out credit to non-housing firms. If the bubble lasts, however, housing credit … repayments raise banks' net worth and expand credit supply, so that crowding-out eventually gives way to crowding-in. This is … consistent with evidence from the recent Spanish housing bubble. Initially, credit growth of non-housing firms was lower at banks …

This paper investigates whether output and inflation respond asymmetrically to credit shocks in the euro area. The … effects related to credit conditions in the economy. Consistent with this finding, the impulse responses show some signs of …

The rapid increase in credit in an economy is now commonly perceived to be one of the leading indicators of financial … policy response has been to focus on the ratio of private sector credit to GDP for an economy, observing, in particular …-state relationship between private sector credit and GDP in the case of Ireland, a country which, even by international standards …

macroprudential policy is represented by a convex dependence of bank capital requirements on the quantity of uncollateralized credit …