Loan types and the bank lending channel

Victoria Ivashina (), Luc Laeven and Enrique Moral-Benito
Additional contact information
Victoria Ivashina: Harvard Business School, CEPR and NBER

No 2020, Working Papers from Banco de España

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. 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.

Keywords: bank credit; loan types; bank lending channel; credit registry (search for similar items in EconPapers)
JEL-codes: E5 G21 (search for similar items in EconPapers)
Pages: 55 pages
Date: 2020-07
New Economics Papers: this item is included in nep-ban and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

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https://www.bde.es/f/webbde/SES/Secciones/Publicac ... 20/Files/dt2020e.pdf First version, July 2020 (application/pdf)

Related works:
Journal Article: Loan types and the bank lending channel (2022)
Working Paper: Loan Types and the Bank Lending Channel (2020)
Working Paper: Loan types and the bank lending channel (2020)
Working Paper: Loan Types and the Bank Lending Channel (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:bde:wpaper:2020

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