We investigate how borrowers' corporate governance influences bank loan contracting terms in emerging markets and how this relation varies across countries with different country-level governance. We find that borrowers with stronger corporate governance obtain favorable contracting terms with...

To assist respondent banks in filling out the questionnaire, this glossary defines the most important terminology used in the bank lending survey. This glossary has been revised together with the introduction of the enhanced bank lending survey questionnaire in April 2015.

In the ECB's Survey of Professional Forecasters (SPF) for the fourth quarter of 2024, expectations for headline HICP inflation were largely unchanged from the previous survey (conducted in the third quarter of 2024), although expectations for 2025 were revised downwards slightly. Headline...