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Credit Supply: Identifying Balance-Sheet Channels with Loan Applications and Granted Loans. (2010). Saurina, Jesús ; Peydro, Jose-Luis ; Ongena, Steven ; Jimenez, Gabriel ; Peydro-Alcalde, Jose Luis .
In: CEPR Discussion Papers.
RePEc:cpr:ceprdp:7655.

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  2. Allocative Efficiency and Finance. (2019). Sette, Enrico ; Petrella, Andrea ; Linarello, Andrea.
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  3. THE CONVERGENCE TEST OF INDONESIA BANKING INEFFICIENCY: DO MACROECONOMIC INDICATORS MATTER?. (2018). Yasin, Mohammad ; Purwono, Rudi.
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  4. Lending organization and credit supply during the 2008-09 crisis. (2017). Vacca, Valerio ; Rossi, Paola ; pagnini, marcello ; del Prete, Silvia.
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  5. Access to Credit and Unconventional Monetary policy in the Eurozone after the Financial Crisis. (2016). Korab, Petr.
    In: MENDELU Working Papers in Business and Economics.
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  6. Bank procyclicality and output: Issues and policies. (2014). Delis, Manthos ; Athanasoglou, Panayiotis ; Daniilidis, Ioannis .
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  25. Measuring Information Sharing in Credit Markets. (2011). Hainz, Christa.
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  28. The Dynamics in Requested and Granted Loan Terms when Bank and Borrower Interact Repeatedly. (2010). Kirschenmann, K.
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  29. The Dynamics in Requested and Granted Loan Terms when Bank and Borrower Interact Repeatedly. (2010). Kirschenmann, Karolin.
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References

References cited by this document

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  7. ÎGDP ÎIR 11.0 12.3 13.6 15.0 16.3 17.6 18.9 20.2 21.6 13.0 13.2 13.4 13.6 13.8 14.0 14.2 14.4 14.6 14.8 1.01.41.82.2 2.6 3.0 3.4 3.8 4.2 4.6 5.0 5.4 5.8 6.2 6.5 6.9 7.3 7.7 SEMIâELASTICITY FIRMLIQUIDITYRATIO BANKLIQUIDITYRATIO 11.011.912.813.614.515.416.317.218.018.919.820.721.6 â8 â7 â6 â5 â4 â3 â2 1.0 1.8 2.6 3.4 4.2 5.0 5.8 6.5 7.3 SEMIâELASTICITY FIRMLIQUIDITYRATIO BANKLIQUIDITYRATIO TABLE 1. DESCRIPTIVE STATISTICS FOR THE VARIABLES USED IN THE ANALYSIS OF THE EXTENSIVE MARGIN OF LENDING The table lists the variables employed in the first set of empirical specifications and provides their unit, definition, mean, standard deviation, minimum, 25th , 50th , and 75th percentiles and maximum. The number of observations equals 560,020 for all variables. The sample period equals 2002:M2 â 2008:M12. All monetary amounts are in thousands of 2008 Euros (000 EUR).
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  8. ÎGDP ÎIR 4.04.24.34.54.64.85.05.15.35.45.65.85.9 8.0 9.8 11.6 13.4 15.2 17.1 18.9 20.7 22.5 24.3 26.1 27.9 29.7 31.5 SEMIâELASTICITY FIRMCAPITALRATIO BANKCAPITALRATIO 4.04.24.34.54.64.85.05.15.35.45.65.85.9 â8 â7 â6 â5 â4 â3 â2 â1 8.0 10.7 13.4 16.2 18.9 21.6 24.3 27.0 29.7 SEMIâELASTICITY FIRMCAPITALRATIO BANKCAPITALRATIO FIGURE 2. FIRM AND BANK LIQUIDITY RATIO AND THE EXTENSIVE MARGIN OF LENDING The figure plots the percentage change in the probability that a LOAN APPLICATION IS GRANTED for a one standard deviation increase in GDP growth (ïGDP) or a one standard deviation increase in the change in the short-term interest rate (ïIR) for values in the 25th to 75th percentile range of firm and bank LIQUIDITY RATIO, based on the estimates in Table 3 Model I. All variables are otherwise set equal to their mean. The sample period equals 2002:M2 â 2008:M12.
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  76. The dependent variable is LOAN APPLICATION IS GRANTEDibt which equals one if the loan application in month t by firm i is approved by bank b and the loan is granted, and equals zero otherwise. The definition of the other variables can be found in Table 1. Subscripts indicate the time of measurement of each variable. The sample period equals 2002:M2 â 2008:M12. For each model coefficients are listed in the first column and standard errors, clustered at the firm (I to II), firm-month (III), loan (IV) or bank-month (V) level, or not clustered (VI), are between parentheses in the second column. Significance levels are in the third column. *** Significant at 1%, ** significant at 5%, * significant at 10%.
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    RePEc:eee:jbfina:v:40:y:2014:i:c:p:346-363.

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  7. Macroeconomic stabilisation and bank lending: A simple workhorse model. (2013). Spahn, Peter.
    In: FZID Discussion Papers.
    RePEc:zbw:fziddp:762013.

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  8. Asset prices, collateral, and unconventional monetary policy in a DSGE model. (2013). Hollmayr, Josef ; Hilberg, Bjorn.
    In: Discussion Papers.
    RePEc:zbw:bubdps:362013.

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  9. The conceptual foundations of macroprudential policy : a roadmap. (2013). Ize, Alain ; de la Torre, Augusto.
    In: Policy Research Working Paper Series.
    RePEc:wbk:wbrwps:6576.

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  10. The foundations of macroprudential regulation : a conceptual roadmap. (2013). Ize, Alain ; de la Torre, Augusto.
    In: Policy Research Working Paper Series.
    RePEc:wbk:wbrwps:6575.

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  11. On the Stability of Euro Area Money Demand and its Implications for Monetary Policy. (2013). Conti, Antonio ; Barigozzi, Matteo.
    In: LEM Papers Series.
    RePEc:ssa:lemwps:2013/11.

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  12. Funding structure, procyclicality and lending: Evidence from GCC banks. (2013). Ghosh, Saibal.
    In: MPRA Paper.
    RePEc:pra:mprapa:51225.

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  13. Financial Regulation in an Agent Based Macroeconomic Model. (2013). Russo, Alberto ; Riccetti, Luca ; Gallegati, Mauro ; Mauro, GALLEGATI .
    In: MPRA Paper.
    RePEc:pra:mprapa:51013.

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  14. A bank lending channel or a credit supply shock?. (2013). Milcheva, Stanimira.
    In: Journal of Macroeconomics.
    RePEc:eee:jmacro:v:37:y:2013:i:c:p:314-332.

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  15. “Leaning against the wind” and the timing of monetary policy. (2013). Demertzis, Maria ; Agur, Itai.
    In: Journal of International Money and Finance.
    RePEc:eee:jimfin:v:35:y:2013:i:c:p:179-194.

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  16. Did the commercial paper funding facility prevent a Great Depression style money market meltdown?. (2013). Duca, John.
    In: Journal of Financial Stability.
    RePEc:eee:finsta:v:9:y:2013:i:4:p:747-758.

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  17. How to deal with real estate booms: Lessons from country experiences. (2013). Rabanal, Pau ; Igan, Deniz ; Dell'ariccia, Giovanni ; Dellariccia, Giovanni ; Rowe, Christopher C.
    In: Journal of Financial Stability.
    RePEc:eee:finsta:v:9:y:2013:i:3:p:300-319.

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  18. Leveraged network-based financial accelerator. (2013). Russo, Alberto ; Riccetti, Luca ; Gallegati, Mauro.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:37:y:2013:i:8:p:1626-1640.

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  19. Financial Regulation in General Equilibrium. (2012). Tsomocos, Dimitrios ; Kashyap, Anil ; Charles A. E. Goodhart, ; Vardoulakis, Alexandros P..
    In: NBER Working Papers.
    RePEc:nbr:nberwo:17909.

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  20. The seeds of a crisis: A theory of bank liquidity and risk taking over the business cycle. (2012). Naqvi, Hassan ; Acharya, Viral.
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:106:y:2012:i:2:p:349-366.

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  21. Boom–bust cycles: Leveraging, complex securities, and asset prices. (2012). Semmler, Willi ; Bernard, Lucas.
    In: Journal of Economic Behavior & Organization.
    RePEc:eee:jeborg:v:81:y:2012:i:2:p:442-465.

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  22. Leverage across firms, banks, and countries. (2012). Yesiltas, Sevcan ; Sorensen, Bent ; Kalemli-Ozcan, Sebnem.
    In: Journal of International Economics.
    RePEc:eee:inecon:v:88:y:2012:i:2:p:284-298.

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  23. The Seeds of a Crisis: A Theory of Bank Liquidity and Risk-Taking over the Business Cycle. (2012). Naqvi, Hassan ; Acharya, Viral.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:8851.

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  24. How Should Central Banks Respond to Asset-Price Bubbles? The Lean versus Clean Debate After the GFC. (2011). Mishkin, Frederic.
    In: RBA Bulletin (Print copy discontinued).
    RePEc:rba:rbabul:jun2011-08.

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  25. This Time Is the Same: Using Bank Performance in 1998 to Explain Bank Performance During the Recent Financial Crisis. (2011). Stulz, René ; Fahlenbrach, Ruediger ; Prilmeier, Robert.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:17038.

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  26. Monetary Policy in a Small Economy after Tsunami: A New Consensus on the Horizon?. (2011). Komarek, Lubos ; Komarkova, Zlatuse ; Frait, Jan.
    In: Czech Journal of Economics and Finance (Finance a uver).
    RePEc:fau:fauart:v:61:y:2011:i:1:p:5-33.

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  27. The role of macroeconomic policies in the global crisis. (2011). Pagano, Patrizio ; Cova, Pietro ; Catte, Pietro ; Visco, Ignazio.
    In: Journal of Policy Modeling.
    RePEc:eee:jpolmo:v:33:y:2011:i:6:p:787-803.

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  28. Hedge fund leverage. (2011). Ang, Andrew ; Gorovyy, Sergiy ; van Inwegen, Gregory B..
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:102:y:2011:i:1:p:102-126.

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  29. Bankers compensation and fair value accounting. (2011). Milne, Alistair ; Livne, Gilad ; Markarian, Garen.
    In: Journal of Corporate Finance.
    RePEc:eee:corfin:v:17:y:2011:i:4:p:1096-1115.

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  30. This Time Is the Same: Using Bank Performance in 1998 to Explain Bank Performance during the Recent Financial Crisis. (2011). Stulz, René ; Fahlenbrach, Ruediger ; Prilmeier, Robert.
    In: Working Paper Series.
    RePEc:ecl:ohidic:2011-10.

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  31. Asset prices, collateral and unconventional monetary policy in a DSGE model. (2011). Hollmayr, Josef ; Hilberg, Bjorn.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20111373.

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  32. Leaning Against the Wind and the Timing of Monetary Pollicy. (2011). .
    In: Working Papers.
    RePEc:dnb:dnbwpp:303.

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  33. The Instability of the Banking Sector and Macrodynamics: Theory and Empirics. (2011). Semmler, Willi ; Mittnik, Stefan.
    In: DEGIT Conference Papers.
    RePEc:deg:conpap:c016_080.

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  34. Boom-Bust Cycles: Leveraging, Complex Securities, and Asset Prices. (2011). Semmler, Willi ; Bernard, Lucas.
    In: DEGIT Conference Papers.
    RePEc:deg:conpap:c016_034.

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  35. Measuring Monetary Conditions in US Asset Markets - A Market Specific Approach. (2010). Herz, Bernhard ; Drescher, Christian.
    In: MPRA Paper.
    RePEc:pra:mprapa:27384.

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  36. Procyclical Effects of the banking System during the financial and economic Crisis 2007-2009: the Case of Europe. (2010). Nikolov, Pavel .
    In: MPRA Paper.
    RePEc:pra:mprapa:24126.

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  37. Procyclical Effects of the banking System during the financial and economic Crisis 2007-2009: the Case of Europe. (2010). Nikolov, Pavel .
    In: MPRA Paper.
    RePEc:pra:mprapa:23945.

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  38. Local Versus Aggregate Lending Channels: The Effects Of Securitization On Corporate Credit Supply In Spain. (2010). Saurina, Jesús ; Peydro, Jose-Luis ; Mian, Atif ; Jimenez, Gabriel.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:16595.

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  39. Asset Prices, Inflation and Monetary Control - Re-inventing Money as a Policy Tool. (2010). Spahn, Peter.
    In: Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim.
    RePEc:hoh:hohdip:323.

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  40. Shadow banking. (2010). Ashcraft, Adam ; Adrian, Tobias ; Pozsar, Zoltan ; Boesky, Hayley .
    In: Staff Reports.
    RePEc:fip:fednsr:458.

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  41. Unstable banking. (2010). Vishny, Robert ; Shleifer, Andrei.
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:97:y:2010:i:3:p:306-318.

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  42. Credit supply - Identifying balance-sheet channels with loan applications and granted loans. (2010). Saurina, Jesús ; Peydro, Jose-Luis ; Ongena, Steven ; Jimenez, Gabriel.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20101179.

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  43. Does monetary policy affect bank risk-taking?. (2010). Marques-Ibanez, David ; Gambacorta, Leonardo ; Altunbas, Yener ; Marques-Ibaez, David.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20101166.

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  44. Monetary Policy and Excessive Bank Risk Taking. (2010). Demertzis, Maria ; Agur, Itai.
    In: Working Papers.
    RePEc:dnb:dnbwpp:271.

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  45. Adverse Selection, Liquidity, and Market Breakdown. (2010). Kirabaeva, Koralai.
    In: Staff Working Papers.
    RePEc:bca:bocawp:10-32.

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  46. Does activity mix and funding strategy vary across ownership? Evidence from Indian banks. (2009). Ghosh, Saibal.
    In: MPRA Paper.
    RePEc:pra:mprapa:32070.

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  47. Unstable Banking. (2009). Vishny, Robert ; Shleifer, Andrei.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:14943.

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  48. A Minsky meltdown: lessons for central bankers. (2009). Yellen, Janet.
    In: FRBSF Economic Letter.
    RePEc:fip:fedfel:y:2009:i:may1:n:2009-15.

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  49. Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870-2008. (2009). Taylor, Alan ; Schularick, Moritz.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:7570.

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  50. Chapter 2: The Financial Crisis. (2009). Vives, Xavier ; Sturm, Jan-Egbert ; Sinn, Hans-Werner ; Saint-Paul, Gilles ; Jenkinson, Tim ; Hassler, John ; Devereux, Michael ; Corsetti, Giancarlo.
    In: EEAG Report on the European Economy.
    RePEc:ces:eeagre:v::y:2009:i::p:59-122.

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