We estimate a structural model of bank portfolio lending and find that the typical US
community bank reduced its business lending during the global financial crisis. The decline …

We use variation in banks' loan exposure to industries adversely affected by the oil price
declines of 2014 to explore how they respond to a net worth shock. Using granular data …

The importance of bank relationships for small firms' ability to raise external finance is well-
documented, yet the mechanism through which relationships improve access to capital …

We examine the impact of banks׳ exposure to market liquidity shocks through wholesale
funding on their supply of credit during the financial crisis using loan level data that best …

A lending boom is reflected in the composition of bank liabilities when traditional retail
deposits (core liabilities) cannot keep pace with asset growth and banks turn to other …

This paper shows that new loans to large borrowers fell by 47% during the peak period of
the financial crisis (fourth quarter of 2008) relative to the prior quarter and by 79% relative to …

We investigate how financial contracting interacts with lending-channel effects by tracing the
anatomy of a credit supply shock using micro-level data from a multinational bank …

A substantial literature has investigated the role of relationship lending in shielding
borrowers from idiosyncratic shocks. Much less is known about how lending relationships …

We test how active management of bank credit risk exposure through the loan sales market
affects capital structure, lending, profits, and risk. We find that banks that rebalance their loan …

This paper investigates the relationship between bank capital ratios and lending rates using
data from 1998 to 2012 for 13 large banks accounting for 75% of total UK lending. We …