| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7655 |
| DP7655 Credit Supply: Identifying Balance-Sheet Channels with Loan Applications and Granted Loans | |
| Steven Ongena; José-Luis Peydró; Gabriel Jiménez; Jesús Saurina | |
| 发表日期 | 2010-01-24 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | 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 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. |
| 主题 | Financial Economics |
| 关键词 | Credit supply Financial accelerator Firm borrowing capacity Non-financial and financial borrower balance-sheet channels |
| URL | https://cepr.org/publications/dp7655 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536492 |
| 推荐引用方式 GB/T 7714 | Steven Ongena,José-Luis Peydró,Gabriel Jiménez,et al. DP7655 Credit Supply: Identifying Balance-Sheet Channels with Loan Applications and Granted Loans. 2010. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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