Credit demand, credit supply, and economic activity
نویسندگان
چکیده
منابع مشابه
Bank Credit and Economic Activity
The role of banks in regional as well as in national economic fluctuations has been the subject of renewed interest in recent years. With what seems like amazing prescience, Bernanke and Blinder (1988) recently revived the theoretical literature on the role of bank credit typically associated with Brunner and Meltzer (1972). The trickle of empirical papers written before the 1990s that focused ...
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Traditional supply chain inventory modes with trade credit usually only assumed that the up-stream suppliers offered the down-stream retailers a fixed credit period. However, in practice the retailers will also provide a credit period to customers to promote the market competition. In this paper, we formulate an optimal supply chain inventory model under two levels of trade credit policy with d...
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Credit derivatives are the latest in a series of innovations that have had a significant impact on credit markets. Using a micro data set of individual corporate loans, this paper explores whether use of credit derivatives is associated with an increase in bank credit supply. We find evidence that greater use of credit derivatives is associated with greater supply of bank credit for large term ...
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We utilize a unique pair of experiments to study the precise ways in which reductions in asymmetric information alter the outcome in a credit market. We formulate a general model in which the information set held by lenders, and what borrowers believe their lenders to know, enter separately. This model illustrates that non-experimental identification of the supplyand demand-side information in ...
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We study the impact of bank credit supply on firm output and productivity. Exploiting a matched firm-bank database, covering all credit relationships of Italian corporations over more than a decade, we measure idiosyncratic supply-side shocks to firm credit availability. We use this to estimate a production model augmented with financial frictions, and show that an expansion of credit supply le...
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ژورنال
عنوان ژورنال: The B.E. Journal of Macroeconomics
سال: 2013
ISSN: 1935-1690,2194-6116
DOI: 10.1515/bejm-2012-0116