2024-03-29T05:54:17Zhttps://repositorio.bde.es/oai/requestoai:repositorio.bde.es:123456789/70362023-06-08T12:34:24Zcom_123456789_5661com_123456789_21col_123456789_5687
Repositorio Institucional
author
Jiménez Zambrano, Gabriel
author
Ongena, Steven
author
Peydró, José Luis
author
Saurina Salas, Jesús
2019-08-10T17:57:26Z
2019-08-10T17:57:26Z
2010-09-30
ISSN: 0213-2710 (en papel)
https://repositorio.bde.es/handle/123456789/7036
000277564
DTRA-201030-eng
To identify credit availability we analyze the extensive and intensive margins of lending with loan applications and all loans granted in Spain. We find that during the period analyzed both worse economic and tighter monetary conditions reduce loan granting, especially to firms or from banks with lower capital or liquidity ratios. Moreover, responding to applications for the same loan, weak banks are less likely to grant the loan. Our results suggest that firms cannot offset the resultant credit restriction by turning to other banks. Importantly the bank-lending channel is notably stronger when we account for unobserved time-varying firm heterogeneity in loan demand and quality
eng
Reconocimiento-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0)
Non-financial and financial borrower balance-sheet chanels
Financial accelerator
Firm borrowing capacity
Credit supply
Business cycle
Monetary policy
Credit channel
Net worth
Capital liquidity
2007-09 crisis
Credit supply : identifying balance-sheet channels with loan applications and granted loans
Documento de trabajo
URL
https://repositorio.bde.es/bitstream/123456789/7036/1/dt1030e.pdf
File
MD5
a7a78d557521b0b7239d99d18e70942f
860851
application/pdf
dt1030e.pdf
URL
https://repositorio.bde.es/bitstream/123456789/7036/2/dt1030e.pdf.txt
File
MD5
cfd1136ec7b818466353aec725f1fe7e
128742
text/plain
dt1030e.pdf.txt