loan outcomes is scant. Using granular loan-level information from the Italian Credit Register, we build a novel measure of … bank monitoring based on banks’ requests for information on their existing borrowers and we investigate the effect of bank … exogenous variation in bank monitoring. Our identification strategy is supported by a theoretical model predicting that a …

loan outcomes is scant. Using granular loan-level information from the Italian Credit Register, we build a novel measure of … bank monitoring based on banks' requests for information on their existing borrowers and we investigate the effect of bank … exogenous variation in bank monitoring. Our identification strategy is supported by a theoretical model predicting that a …

more lax lending policies than banks, we unveil important evidence that nonbanks increased bank borrowing following the …

supervisory bodies dedicated to demand indicators influence credit increase limitation in different ways. Non-standard actions …

This paper examines how credit risk affects bank lending and the business cycle. We estimate a panel Vector …, inflation, the short-term interest rate, bank lending, as well as loan loss provisioning by banks (as proxy for credit risk …). Our main findings are that: (i) bank lending and loan loss provisioning are important drivers of business cycle …

This paper examines the expansion of credit in the UK over the years 1997-2007 and the subsequent loan losses on UK … sterling lending. This was a substantial credit expansions especially in lending secured on property. This led to only … on UK bank sterling lending was associated with commercial property lending, a notably parallel with the two previous …

Theoretically, bank's loan monitoring activity hinges critically on its capitalisation. To proxy for monitoring … governance of the firm. Exploiting granular bank-firm relationships observed in the syndicated loan market, we document … tightening of credit terms when firms experience shocks. …