We identify the origin of the contradicting perspectives on credit creation offered by Austrian, Mainstream and Post …-exist any transaction and loan. We develop a unified framework of credit creation based on three leading variables: (i) the … amount of collateral assets accepted, (ii) the level of leverage and (iii) the level of trust and confidence. As credit …

that banking consolidation has reduced the availability of credit to small businesses. We find that banks in markets where … mergers have occurred are more likely than other banks to deny credit to small business loan applicants. However, this … one set of banks, those in the process of acquiring other banks, are less likely to deny credit to small businesses. These …

analysis and formal econometric tests based on several indicators of the credit market. First of all, the descriptive analysis … shows that the main relationship between credit indicators, monetary policy and economic activity are in line with the … predictions of the credit channel theory. Additionally, it highlights the fact that bank loans in Brazil are predominantly short …

differentials between the domestic and international markets (indicating arbitrage) and the credit conditions. The real variable …

significant because for the first time in Croatia there is a measure whose purpose is to affect specifically credit policy of the … Croatia is not willing to increase lending. The reason for lack of credit growth lies in two separate problems. The first … problem is the willingness of banks to have more credit risk and the second problem is the way monetary policy is conducted in …