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.date.modified 2020-05-25T09:25:16Z
- 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.identifier https://econ-papers.upf.edu/ca/paper.php?id=1567
- dc.identifier.citation
- dc.identifier.uri http://hdl.handle.net/10230/32642
- 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.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- 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.title Do demand or supply factors drive bank credit,in good and crisis times?
- dc.title.alternative
- dc.type info:eu-repo/semantics/workingPaper