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Do demand or supply factors drive bank credit,in good and crisis times?

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dc.contributor.author Jiménez, Gabriel
dc.contributor.author Ongena, Steven
dc.contributor.author Peydró, José-Luis
dc.contributor.author Saurina, Jesús
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
dc.date.accessioned 2020-05-25T09:26:54Z
dc.date.available 2020-05-25T09:26:54Z
dc.date.issued 2017-04-01
dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1567
dc.identifier.uri http://hdl.handle.net/10230/32642
dc.description.abstract We analyze the impact of balance-sheet strength on credit availability. Bank balance sheets are weak in crisis times, but so are those of firms, and credit demand is then also weak. For identification, we exploit an administrative dataset of loan applications matched with bank and firm variables covering Spain from 2002 to 2010. Bank balance-sheet strength determines the granting of loan applications only in crisis times, while firm balance-sheet strength notably leverage determines strongly this granting in both good and crisis times. Our findings underscore the importance of the strength of corporate balance sheets over credit supply for credit availability.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 1567
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.title Do demand or supply factors drive bank credit,in good and crisis times?
dc.type info:eu-repo/semantics/workingPaper
dc.date.modified 2020-05-25T09:25:16Z
dc.subject.keyword firm balance-sheet channel
dc.subject.keyword credit demand
dc.subject.keyword bank lending channel
dc.subject.keyword credit supply
dc.subject.keyword business cycle
dc.subject.keyword credit crunch
dc.subject.keyword leverage.
dc.subject.keyword Finance and Accounting
dc.subject.keyword Macroeconomics and International Economics
dc.subject.keyword Labour, Public, Development and Health Economics
dc.rights.accessRights info:eu-repo/semantics/openAccess


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