effect of the reforms on overall credit supply, while at the same time documenting a substantial decline in borrower- and …

This study examines empirically the information content of the euro area Bank Lending Survey for aggregate credit and … leading indicator for euro area bank credit and real GDP growth. Notwithstanding the short history of the survey, the findings … also suggest that price as well as non-price conditions and terms of credit standards do matter for credit and business …

between productivity and bank credit in the context of different financial market set-ups, we introduce a model of overlapping … generations of entrepreneurs under complete and incomplete credit markets. Then, we exploit firm-level data for France, Germany … and Italy to explore the relation between bank credit and productivity following the main derivations of the model. We …

We show that negative policy rates affect the supply of bank credit in a novel way. Banks are reluctant to pass on …

borrower characteristics as well as internal and external credit scores. Our results suggest that relationships of all kinds …