EconPapers    
Economics at your fingertips  
 

Loan types and the bank lending channel

Victoria Ivashina, Luc Laeven () and Enrique Moral-Benito ()

Journal of Monetary Economics, 2022, vol. 126, issue C, 171-187

Abstract: 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 growth dynamics and bank lending channels vary across these loan types. The effects of monetary policy propagating through banks’ balance sheets are primarily driven by cash flow loans, whereas asset-based credit is mostly insensitive to these types of effects, consistent with theories on the pledgeability of hard assets.

Keywords: Bank credit; Loan types; Bank lending channel; Credit registry (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0304393221001331
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Loan types and the bank lending channel (2020) Downloads
Working Paper: Loan Types and the Bank Lending Channel (2020) Downloads
Working Paper: Loan types and the bank lending channel (2020) Downloads
Working Paper: Loan Types and the Bank Lending Channel (2020) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:moneco:v:126:y:2022:i:c:p:171-187

DOI: 10.1016/j.jmoneco.2021.11.006

Access Statistics for this article

Journal of Monetary Economics is currently edited by R. G. King and C. I. Plosser

More articles in Journal of Monetary Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2022-09-07
Handle: RePEc:eee:moneco:v:126:y:2022:i:c:p:171-187