The US credit boom has been identified as one of the causes of the global financial crisis and the resulting debt … overhang is seen as the primary reason for the weak economic recovery. Most of the existing literature links the credit boom to … non-financial private sector had been originated by shadow banks. Consequently, dampening credit creation by the …

We investigate benefits to business borrowers from bank bailouts – specifically the Troubled Asset Relief Program (TARP … – spread, amount, maturity, collateral, and covenants –suggesting increased credit supply to borrowers of bailed-out banks at … and policy debates on bank bailouts …

loan syndicates. While the purpose of TARP was to stimulate the flow of credit during the economic downturn, the low cost … of capital could have functioned as a double-edged sword by imprudently increasing lenders' credit risk-appetite. Our … documenting a greater share of lead arranger commitment during a period of time when credit monitoring was strengthened …

This paper studies the effects of harmonizing collateral policy in a monetary union. In 2007, the European Central Bank … without such assets. The effect is driven by core banks increasing credit supply to riskier and less productive firms located …

This paper studies the effects of harmonizing collateral policy in a monetary union. In 2007, the European Central Bank … without such assets. The effect is driven by core banks increasing credit supply to riskier and less productive firms located …

Systemically Important Banks (G-SIBs) on bank lending behaviour. Using a difference-in-differences estimation strategy, we find no … effect of the reforms on overall credit supply, while at the same time documenting a substantial decline in borrower- and …

Bank deregulation in the form of the repeal of the Glass-Steagall Act facilitated the entry of non-bank lenders into … the market for syndicated loans during the pre-2008 credit boom. Institutional investors disproportionately purchase … conventional view that regulatory arbitrage caused the rise of non-bank lenders. …

that enables the bank credit manufacturing process. In this way, all the banks become interdependent on the flow of … inter-bank clearing and credit arrangements provide this coordination at the inter-bank level, which is effectuated through … agents in the economy over time and space; they increase the money base through credit creation; they hold fractional …

This paper studies the link between bank capital regulation, bank loan contracts and the allocation of corporate … resources across firms' different business lines. Credit risk is lower when firms write contracts that oblige them to invest …