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 …

While banks may change their supply of credit due to bank balance sheet shocks (the local
lending channel), firms can react by adjusting their sources of financing in equilibrium (the …

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 …

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

While banks may change their credit supply due to bank balance-sheet shocks (the local
lending channel), firms can react by adjusting their sources of financing in equilibrium (the …

In this paper, I use US call report data to construct a larger panel dataset with bank-level
observations. I find that larger banks' lending is considerably more sensitive to the strength …

This paper provides evidence on the strategic lending decisions made by banks facing a
negative funding shock. Using bank–firm level credit data, we show that banks reallocate …

This paper studies credit booms exploiting the Spanish matched credit register over 2001–
2009. We extend Khwaja and Mian's (2008) loan-level estimator by incorporating firm-level …

I study the role of collateral on small business credit access in the aftermath of the 2008
financial crisis. I construct a novel, loan-level dataset covering all collateralized small …

Purpose–This paper aims to analyze how banks transmit shocks that hit the debt market to
their borrowers. Recent financial crisis demonstrated that the banking system can be a …