Lending Organization and Credit Supply During the 2008-2009 Crisis

Bank Lending and Credit Supply Shocks

This paper analyzes the linkages between credit supply conditions and bank lending. Building on the recent work of Gilchrist and Zakraǰsek [2011], we use the excess bond premium—a component of corporate credit spreads designed to measure shifts in the risk attitudes of financial intermediaries—to empirically identify credit supply shocks. Our results indicate that shocks to the excess bond prem...

Analysis of the Asymmetric Impact of Macroeconomic Factors on credit to the Private Sector During the Boom and Credit Crisis

The trend of bank lending can help to predict future economic conditions, so that too fast or slow credit growth may indicate financial or economic crises. In the Iranian economy, most of the financial resources required by economic enterprises are provided through the provision of facilities by the banking network. Therefore, it is very important for policymakers to know the factors influencin...

The Collapse of International Trade During the 2008-2009 Crisis: In Search of the Smoking Gun

One of the most striking aspects of the recent recession is the collapse in international trade. This paper uses disaggregated data on U.S. imports and exports to shed light on the anatomy of this collapse. We find that the recent reduction in trade relative to overall economic activity is far larger than in previous downturns. Information on quantities and prices of both domestic absorption an...

Investigation of Causal Relationship between Trade Credit and Bank Loan during 2008 Financial Crisis

Was it credit supply? Cross-border bank lending to emerging market economies during the financial crisis - BIS Quarterly Review, part 5, June 2010

Cross-border bank lending dropped sharply during the financial crisis. This feature uses a panel regression framework to analyse the key drivers of cross-border bank lending to 21 emerging market economies between 1995 and 2009. The analysis suggests that both demand and supply factors contributed to the fall, but the impact of supply was stronger. The two factors seem to have had more balanced...