Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/229023 
Erscheinungsjahr: 
2020
Schriftenreihe/Nr.: 
ECB Working Paper No. 2409
Verlag: 
European Central Bank (ECB), Frankfurt a. M.
Zusammenfassung: 
Using credit-registry data for Spain and Peru, we document that four main types of commercial credit-asset-based loans, cash-flow loans, trade finance and leasing-are easily identifiable and represent the bulk of corporate credit. We show that credit dynamics and bank lending channels vary across these loan types. Moreover, aggregate credit supply shocks previously identified in the literature appear to be driven by individual loan types. The effects of monetary policy and the effects of the financial crisis propagating through banks' balance sheets are primarily driven by cash-flow loans, whereas asset-based credit is mostly insensitive to these types of effects.
Schlagwörter: 
Bank credit
Loan types
Bank lending channel
Credit registry ECB
JEL: 
E5
G21
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-92-899-4052-8
Dokumentart: 
Working Paper

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