| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15276 |
| DP15276 Credit demand vs. supply channels: Experimental- and administrative-based evidence | |
| José-Luis Peydró; Enrico Sette; Valentina Michelangeli | |
| 发表日期 | 2020-09-10 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We identify the relative importance for lending of borrower (demand) versus bank (supply) factors. We submit thousands of fictitious mortgage applications, changing one borrower-level factor at time, to the major Italian online mortgage platform. Each application goes to all banks. We find that borrower and bank factors are equally strong in causing and explaining loan acceptance. For pricing, borrower factors are instead stronger. Moreover, banks supplying less credit accept riskier borrowers. Exploiting the administrative credit register, we show borrower-lender assortative matching, and that the bank-level strength measure, estimated on the experimental data, determines credit supply and risk-taking to real firms. |
| 主题 | International Macroeconomics and Finance |
| 关键词 | Credit Banks Mortgages Smes Risk-taking |
| URL | https://cepr.org/publications/dp15276-0 |
| 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/544252 |
| 推荐引用方式 GB/T 7714 | José-Luis Peydró,Enrico Sette,Valentina Michelangeli. DP15276 Credit demand vs. supply channels: Experimental- and administrative-based evidence. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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