Preprint
Credit demand versus supply channels: Experimental- and administrative-based evidence
We identify the relative importance for lending of borrower (demand) versus bank (supply) factors. We submit thousands of fictitious mortgage applications, changing one borrower-level factor at time, to the major Italian online mortgage platform. Each application goes to all banks. We find that borrower and bank factors are equally strong in causing and explaining loan acceptance. For pricing, borrower factors are instead stronger. Moreover, banks supplying less credit accept riskier borrowers. Exploiting the administrative credit register, we show borrower-lender assortative matching, and that the bank-level strength measure, estimated on the experimental data, determines credit supply and risk-taking to real firms.
- Sprache
-
Englisch
- Klassifikation
-
Wirtschaft
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Money Supply; Credit; Money Multipliers
- Thema
-
credit
banks
mortgages
SMEs
risk-taking
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Michelangeli, Valentina
Peydró, José-Luis
Sette, Enrico
- Ereignis
-
Veröffentlichung
- (wer)
-
ZBW - Leibniz Information Centre for Economics
- (wo)
-
Kiel, Hamburg
- (wann)
-
2021
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Preprint
Beteiligte
- Michelangeli, Valentina
- Peydró, José-Luis
- Sette, Enrico
- ZBW - Leibniz Information Centre for Economics
Entstanden
- 2021
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