banks in providing credit to smaller borrowers about whom information is least complete and, more generally, support the …

scale from pre-existing credit lines and loan commitments in anticipation of cash flow disruptions from the economic …

the financial health of the contracting parties and uncertainty regarding the borrowers' credit quality. The relative …

first examine the impact of economic policy uncertainty on aggregate bank credit growth. Then we analyze commercial bank … macroeconomic controls, economic policy uncertainty affected bank level credit growth, and (ii) whether there is variation in the … on bank credit growth. Since this impact varies meaningfully with some bank characteristics – particularly the overall …

The market for corporate credit is characterized by significant seasonal variation, both in interest rates and the …

A growing literature shows that credit indicators forecast aggregate real outcomes. While researchers have proposed … simple, frictionless, model explains empirical findings commonly attributed to credit cycles. Our key assumption is that … firms have heterogeneous exposures to underlying economy-wide shocks. This leads to endogenous dispersion in credit quality …