leverage on GDP, credit and the interest rate spread. Increasing capital requirements for banks should therefore have no strong …

tends to be tightened when credit expands. The main empirical results from the analysis, which uses panel vector … autoregression models, are that contractionary macroprudential policy has significant negative effects on credit and output; and that … potential policy conflicts when credit conditions are excessive and the economy is in recession. …

large firms on pre-committed lines of credit. Differences in demand for liquidity cannot fully explain the differences in … shorter maturity credit lines than large firms; (ii) have less active maturity management and therefore frequently have … expiring credit; (iii) post more collateral on both credit lines and term loans; (iv) have higher utilization rates in normal …

bank liquidity induces a tightening impact on credit supply, as intended when central banks reduce their balance sheets …. The tightening originates from the sudden relative convenience for banks accustomed to large liquidity holdings to more … rapidly adapt to the new environment. Moreover, we show that the associated reduction in credit supply has real economic …

fundamentals or a small revision of beliefs can create a self-reinforcing feedback loop that impairs credit provision, lowers asset …