Descripción del título
Credit supply : identifying...
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 during the period analyzed 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
Analítica
analitica Rebiun26670862 https://catalogo.rebiun.org/rebiun/record/Rebiun26670862 m d cr cnunnnauuau 101021s2010 sp rt a000 0 eng c ES-LeU (0.041) Credit supply identifying balance-sheet channels with loan applications and granted loans Gabriel Jiménez... [et al.] Madrid Banco de España 2010 Madrid Madrid Banco de España 45 p. 30 cm 45 p. Documentos de trabajo / Banco de España, Servicio de Estudios ISSN 0213-2710 2010-30 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 during the period analyzed 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 Texto completo disponible también en Internet, en formato PDF Jiménez, Gabriel Banco de España. Servicio de Estudios Documentos de trabajo (Banco de España. Servicio de Estudios)