This paper uses a unique dataset where credit rejections experienced by euro area firms are matched with firm and bank … characteristics. This allows us to study simultaneously the role that bank and firm weakness had in the credit reduction observed in … the euro area during the sovereign debt crisis, and in credit developments characterising the post-crisis recovery …

Purpose - to analyse the main borrowing alternatives available to Lithuanian households and the credit market as a … macroeconomic environment for all the credit market segments is the same, the P2P segment is developing significantly faster. If … this trend remains unchanged, the whole credit market is likely to face challenges, such as the growth of overdue loans …

We show that credit supply shocks have a strong impact on firm-level as well as aggregate investment by applying the …

impact of bank credit supply frictions on firm performance. I exploit differences in the composition of banks' liabilities … structure during the financial crisis of 2007-2009 as a source of exogenous variation in the availability of bank credit to … nonfinancial firms, in order to identify the causal relationship between bank credit supply and firm performance, measured by firms …

-off in situations with many alternative lenders (booms) and with few alternative lenders (credit crises), and explains how … the results depend on factors such as the severity of a credit crisis, the strength of the firm-bank relationship and the …

business lending in local credit markets. Along the price dimension, our analysis reveals that interest rates increase with … dimension, we observe that more distant borrowers are more likely to experience binding credit limits. We also show that the …