Loan types and the bank lending channel

Arbeitspapier

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.

Object Details

• ISBN: 978-92-899-4052-8
• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ECB Working Paper ; No. 2409

Classification and Topics

• Classification: Wirtschaft ; Banks; Depository Institutions; Micro Finance Institutions; Mortgages
• Subject: Bank credit ; Loan types ; Bank lending channel ; Credit registry ECB ; Unternehmensfinanzierung ; Auskunftei ; Kreditwürdigkeit ; Spanien ; Peru

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Ivashina, Victoria ; Laeven, Luc ; Moral-Benito, Enrique
• Event: Veröffentlichung
• (who): European Central Bank (ECB)
• (where): Frankfurt a. M.
• (when): 2020

Further information

• DOI: doi:10.2866/59254
• Handle: http://hdl.handle.net/10419/229023
• Last update: 10.03.2025, 11:41 AM CET