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Loan types and the bank lending channel

Author

Listed:
  • Ivashina, Victoria
  • Laeven, Luc

    (Tilburg University, School of Economics and Management)

  • Moral-Benito, Enrique

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.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Ivashina, Victoria & Laeven, Luc & Moral-Benito, Enrique, 2022. "Loan types and the bank lending channel," Other publications TiSEM e263e774-c645-4753-a827-e, Tilburg University, School of Economics and Management.
    • Handle: RePEc:tiu:tiutis:e263e774-c645-4753-a827-e7f93a8ecb34
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    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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