Credit market conditions and the use of bank lines of credit

Christopher James

FRBSF Economic Letter, 2009, issue aug31

Abstract: Many credit line agreements contain restrictive covenants and other contingencies that may limit the ability of borrowers to draw on their lines, which is a particular concern to small firms. This Economic Letter reviews recent empirical studies that suggest that private firms? access to credit lines is much more sensitive to changes in bank lending standards than is access by publicly traded firms.

Keywords: Bank loans; Credit; Small business (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.frbsf.org/research-and-insights/public ... t-bank-lines-credit/ (text/html)
https://www.frbsf.org/wp-content/uploads/el2009-27.pdf (application/pdf)
https://fraser.stlouisfed.org/files/docs/historica ... bsf_let_20090831.pdf (application/pdf)
https://fraser.stlouisfed.org/title/economic-lette ... -lines-credit-633444

Related works:
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:fip:fedfel:y:2009:i:aug31:n:2009-27

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in FRBSF Economic Letter from Federal Reserve Bank of San Francisco Contact information at EDIRC.
Bibliographic data for series maintained by Federal Reserve Bank of San Francisco Research Library ().