How does uncertainty affect the costs of raising finance in the bond market and via bank loans? Empirically, this paper … finds that heightened uncertainty is accompanied by an increase in corporate bond yields and a decrease in bank lending …

the results depend on factors such as the severity of a credit crisis, the strength of the firm-bank relationship and the …In deciding whether to roll over a loan, a relationship bank that has imperfect private information about its borrowers … relationship bank if the firm is unable to find alternative lenders. This paper explores the differential effects of this trade …

-balance sheet securitized assets onto balance sheets, resulting in a negative exogenous shock to securitizer banks' capital … allocations. The estimations from simultaneous equation models reveal how banks, in response to the shock, reallocate loan …

We explore the structural drivers of bank and nonbank credit cycles using an estimated medium-scale macro model that … potentially drive bank and nonbank credit growth. We find that sectoral shocks affecting the balance sheets of entrepreneurs who … borrow from the financial sector are important for the business cycle frequency fluctuations in bank and nonbank credit …

-level data in order to estimate the effects of bank financial distress on consumer credit and consumption expenditures …The paper employs a unique identification strategy that links survey data on household consumption expenditure to bank …-mortgage liabilities compared to a matched sample of households. The reduced access to credit, however, does not result in lower levels of …

free riding. As the number of banks grows, the chance of re-encountering a bank and of being punished for free riding …

commercial bank, the authors choose Archimedean Copula to fit the default relationship between loans, combined with the loss … traditional loan pricing model, this new proposed one, requiring lower loan interest rates from customers with higher credit … rating, while higher loan interest rates from customers with lower credit rating, could thus be able to provide higher risk …

case of free riding. As the number of lending banks grows, the chance of meeting again a bank and of being punished for …

examination of credit files of five leading German banks, thus relying on information actually used in the process of bank credit … decision-making and contract design. In particular, bank internal borrower ratings serve to evaluate borrower quality, and the … bank's own assessment of its housebank status serves to identify information-intensive relationships. Additionally, we used …

Periods of excessive credit growth can imply emergence of systemic financial stress which may result in financial … crisis causing severe losses in the real economy. The base indicators of overheatedness in the credit markets are the … expansion of the credit-to-GDP ratio and its deviation from its long-term trend, the credit-to-GDP gap. When calculating the …