IDEAS home Printed from https://ideas.repec.org/r/bin/bpeajo/v50y2018i2018-02p251-342.html

The Real Effects of Disrupted Credit: Evidence from the Global Financial Crisis

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as


Cited by:

  1. Abbate, Angela & Eickmeier, Sandra & Prieto, Esteban, 2023. "Financial shocks and inflation dynamics," Macroeconomic Dynamics, Cambridge University Press, vol. 27(2), pages 350-378, March.
  2. Pacicco, Fausto & Serati, Massimiliano & Venegoni, Andrea, 2022. "The Euro Area credit crunch conundrum: Was it demand or supply driven?," Economic Modelling, Elsevier, vol. 106(C).
  3. Valentina Michelangeli & José-Luis Peydró & Enrico Sette, 2020. "Credit Demand versus Supply Channels: Experimental- and Administrative-Based Evidence," Working Papers 1192, Barcelona School of Economics.
  4. Peydró, José-Luis & Jiménez, Gabriel & Kenan, Huremovic & Moral-Benito, Enrique & Vega-Redondo, Fernando, 2020. "Production and financial networks in interplay: Crisis evidence from supplier-customer and credit registers," CEPR Discussion Papers 15277, Centre for Economic Policy Research.
  5. Chung, Hae Jin & Jhang, Hogyu & Ryu, Doojin, 2023. "Impacts of COVID-19 pandemic on corporate cash holdings: Evidence from Korea," Emerging Markets Review, Elsevier, vol. 56(C).
  6. Wu, Ying, 2024. "Risk-averse corporate investment behavior and the effectiveness of quantitative easing," International Review of Economics & Finance, Elsevier, vol. 92(C), pages 1270-1286.
  7. Hirschbühl, Dominik & Krustev, Georgi & Stoevsky, Grigor, 2020. "Financial drivers of the euro area business cycle: a DSGE-based approach," Working Paper Series 2475, European Central Bank.
  8. Kuang-Liang Chang & Charles Ka Yui Leung, 2022. "How did the asset markets change after the Global Financial Crisis?," Chapters, in: Charles K.Y. Leung (ed.), Handbook of Real Estate and Macroeconomics, chapter 12, pages 312-336, Edward Elgar Publishing.
  9. Nobel Prize Committee, 2022. "Financial Intermediation and the Economy," Nobel Prize in Economics documents 2022-2, Nobel Prize Committee.
  10. Ohnsorge, Franziska & Kose, M. Ayhan, 2020. "Emerging and Developing Economies: Ten Years After the Global Recession," CEPR Discussion Papers 14405, Centre for Economic Policy Research.
  11. repec:rim:rimwps:22-04 is not listed on IDEAS
  12. Levy, Daniel & Mayer, Tamir & Raviv, Alon, 2022. "Economists in the 2008 financial crisis: Slow to see, fast to act," Journal of Financial Stability, Elsevier, vol. 60(C).
  13. Yavuz Arslan & Ahmet Degerli & Bulent Guler & Gazi Kabas & Burhan Kuruscu, 2024. "Unemployment Insurance and Macro-Financial (In)Stability," Working Papers 202413, University of Liverpool, Department of Economics.
  14. Pender, Casey, 2024. "Is deflation cause for panic? Evidence from the National Banking era," Journal of Macroeconomics, Elsevier, vol. 82(C).
  15. Murad, S.M. Woahid & Pathan, Shams & Durand, Robert B. & Zheng, Chen, 2025. "Understanding Bank-Level Uncertainty: New insights into banking activity and its macroeconomic impacts," International Review of Economics & Finance, Elsevier, vol. 102(C).
  16. Gjerde, Kathy Paulson & Prescott, Peter & Rice, Jennifer, 2019. "The Impact of State Fiscal Policy on States' Resilience Entering the Great Recession," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 49(01), January.
  17. Daisuke Ikeda & Hidehiko Matsumoto, 2021. "Procyclical Leverage and Crisis Probability in a Macroeconomic Model of Bank Runs," IMES Discussion Paper Series 21-E-01, Institute for Monetary and Economic Studies, Bank of Japan.
  18. repec:rim:rimwps:20-05 is not listed on IDEAS
  19. Mariana Spatareanu & Vlad Manole & Ali Kabiri, 2020. "The Real Effects of Banks Nationalization – Evidence from the UK," Working Papers Rutgers University, Newark 2020-002, Department of Economics, Rutgers University, Newark.
  20. Kwabena Adu-Ababio, 2022. "Microsimulation approaches to studying shocks and social protection in selected developing economies," WIDER Working Paper Series wp-2022-71, World Institute for Development Economic Research (UNU-WIDER).
  21. Alessandro Gavazza & Andrea Lanteri, 2021. "Credit Shocks and Equilibrium Dynamics in Consumer Durable Goods Markets," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 88(6), pages 2935-2969.
  22. Tumisang Loate & Nicola Viegi, 2021. "The Transmission of Monetary Policy via the Banks' Balance Sheet - Does Bank Size Matter?," Working Papers 202109, University of Pretoria, Department of Economics.
  23. Marius GUST, 2019. "The Profits Of The Romanian Banks, After The Financial Crisis," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 4(2), pages 6-12.
  24. Marius GUST, 2019. "Reforms Of Romanian Banks, After 10 Years From The Financial Crisis," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 4(4), pages 14-23.
  25. Michael D. Bordo & John V. Duca, 2020. "How New Fed Corporate Bond Programs Dampened the Financial Accelerator in the COVID-19 Recession," Working Papers 2029, Federal Reserve Bank of Dallas.
  26. Sebastian Doerr & Stefan Gissler & José-Luis Peydró & Hans-Joachim Voth, 2018. "From finance to fascism," Economics Working Papers 1651, Department of Economics and Business, Universitat Pompeu Fabra, revised Nov 2020.
  27. Böjeryd, Jesper & Vestman, Roine & Tyrefors, Björn & Kessel, Dany, 2026. "The housing wealth effect: Quasi-experimental evidence," Journal of Monetary Economics, Elsevier, vol. 158(C).
  28. Cappelletti, Giuseppe & Reghezza, Alessio & Rodriguez d’Acri, Costanza & Spaggiari, Martina, 2020. "Compositional effects of O-SII capital buffers and the role of monetary policy," Working Paper Series 2440, European Central Bank.
  29. Damane, Moeti, 2024. "Quantile Regression Analysis of the Economic Impact of Business and Household Credit in Lesotho," MPRA Paper 121954, University Library of Munich, Germany.
  30. Martins, António Miguel & Moutinho, Nuno, 2026. "Evergrande short-term effect on Chinese listed financial institutions," International Review of Economics & Finance, Elsevier, vol. 105(C).
  31. Wee Chian Koh & Shu Yu, 2021. "A Decade After the 2009 Global Recession: Macroeconomic Developments," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 12(02), pages 1-24, June.
  32. Jeff Fuhrer & Giovanni P. Olivei & Eric S. Rosengren & Geoffrey M.B. Tootell, 2018. "Should the Federal Reserve Regularly Evaluate Its Monetary Policy Framework?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 49(2 (Fall)), pages 443-517.
  33. John Muellbauer, 2024. "Housing and Macroprudential Policy," Economics Series Working Papers 1056, University of Oxford, Department of Economics.
  34. Dixit, Shiv & Subramanian, Krishnamurthy, 2020. "Bank Coordination and Monetary Transmission: Evidence from India," MPRA Paper 103169, University Library of Munich, Germany.
  35. Catalán, Mario & Hoffmaister, Alexander W. & Harun, Cicilia Anggadewi, 2020. "Bank capital and lending: Evidence of nonlinearity from Indonesia," Journal of Asian Economics, Elsevier, vol. 68(C).
  36. Irine Tahjiba Angela, 2026. "Global economic policy uncertainty and credit risk in emerging economies: evidence from Bangladesh," Future Business Journal, Springer, vol. 12(1), pages 1-32, December.
  37. Giannoulakis, Michael, 2025. "Non-Performing Loans determinants: A new behavioural approach," Greenwich Papers in Political Economy 51102, University of Greenwich, Greenwich Political Economy Research Centre.
  38. Catalán, Mario & Hoffmaister, Alexander W., 2022. "When banks punch back: Macrofinancial feedback loops in stress tests," Journal of International Money and Finance, Elsevier, vol. 124(C).
  39. Ziwei Mei & Liugang Sheng & Zhentao Shi, 2023. "Nickell Bias in Panel Local Projection: Financial Crises Are Worse Than You Think," Papers 2302.13455, arXiv.org, revised Jan 2026.
  40. Alexiou, Constantinos & Trachanas, Emmanouil, 2020. "Predicting post-war US recessions: A probit modelling approach," Structural Change and Economic Dynamics, Elsevier, vol. 54(C), pages 210-219.
  41. Gabriel A. Ogunmola & Fengsheng Chien & Ka Yin Chau & Li Li, 2022. "The Influence of Capital Requirement of Basel III Adoption on Banks’ Operating Efficiency: Evidence from U.S. Banks," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 11(2), pages 5-26.
  42. Mirko Abbritti & Juan Equiza & Antonio Moreno & Tommaso Trani, 2024. "Downturns and changes in the yield slope," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 43(3), pages 673-701, April.
  43. Hibiki Ichiue & Jean-Guillaume Sahuc & Yasin Mimir & Jolan Mohimont & Kalin Nikolov & Olivier de Bandt & Sigrid Roehrs & Valério Scalone & Michael Straughan & Bora Durdu, 2022. "Assessing the Impact of Basel III: Evidence from Structural Macroeconomic Models," Working Papers hal-04159816, HAL.
  44. Boufateh, Talel & Saadaoui, Zied, 2021. "The time-varying responses of financial intermediation and inflation to oil supply and demand shocks in the US: Evidence from Bayesian TVP-SVAR-SV approach," Energy Economics, Elsevier, vol. 102(C).
  45. Rottner, Matthias, 2023. "Financial crises and shadow banks: A quantitative analysis," Journal of Monetary Economics, Elsevier, vol. 139(C), pages 74-92.
  46. Michael B. Devereux & Charles Engel & Steve Pak Yeung Wu, 2023. "Collateral Advantage: Exchange Rates, Capital Flows and Global Cycles," NBER Working Papers 31164, National Bureau of Economic Research, Inc.
  47. Ms. Wenjie Chen & Mr. Mico Mrkaic & Mr. Malhar S Nabar, 2019. "The Global Economic Recovery 10 Years After the 2008 Financial Crisis," IMF Working Papers 2019/083, International Monetary Fund.
  48. Mark Gertler & Nobuhiro Kiyotaki & Andrea Prestipino, 2020. "Credit Booms, Financial Crises, and Macroprudential Policy," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 37, pages 8-33, August.
  49. Michelangeli, Valentina & Sette, Enrico & Peydró, José-Luis, 2020. "Credit demand vs. supply channels: Experimental- and administrative-based evidence," EconStor Preprints 222282, ZBW - Leibniz Information Centre for Economics.
  50. Adu-Ababio, Kwabena, 2024. "Microsimulation approaches to studying shocks and social protection in selected developing economies," Economic Analysis and Policy, Elsevier, vol. 84(C), pages 1552-1576.
  51. Chatterjee, Ujjal & French, Joseph J. & Gurdgiev, Constantin & Borochin, Paul, 2024. "Financial intermediation and informational efficiency: Predicting business cycles," International Review of Economics & Finance, Elsevier, vol. 96(PB).
  52. José-Luis Peydró [AP BACKUP – NOW EXTERNAL] & Valentina Michelangeli & Enrico Sette & José-Luis Peydró, 2021. "Borrower versus Ban Channels in Lending: Experimental- and Administrative-Based Evidence," Working Papers 1307, Barcelona School of Economics.
  53. Jelisaveta Lazarevic & Tanja Kuzman & Milan Nedeljkovic, 2022. "Credit cycles and macroprudential policies in emerging market economies," Oeconomia Copernicana, Institute of Economic Research, vol. 13(3), pages 633-666, September.
  54. Stefano Carattini & Garth Heutel & Givi Melkadze, 2023. "Climate Policy, Financial Frictions, and Transition Risk," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 778-794, December.
  55. Sharma, Vivek, 2025. "Real effects of bank shocks," Journal of Financial Stability, Elsevier, vol. 81(C).
  56. Sergio A. Correia & Stephan Luck & Emil Verner, 2026. "Bank Runs With and Without Bank Failure," Staff Reports 1198, Federal Reserve Bank of New York.
  57. Berger, Allen N. & Molyneux, Phil & Wilson, John O.S., 2020. "Banks and the real economy: An assessment of the research," Journal of Corporate Finance, Elsevier, vol. 62(C).
  58. José Alejandro Fernández Fernández & Virginia Bejarano Vázquez & Juan Antonio Vicente Virseda, 2021. "New Approach to Financial and Economic Stability in the United States from a Banking Perspective," Economic Papers, The Economic Society of Australia, vol. 40(1), pages 54-72, March.
  59. Sebastian Doerr & Stefan Gissler & José-Luis Peydró & Hans-Joachim Voth, 2018. "From finance to fascism," Economics Working Papers 1651, Department of Economics and Business, Universitat Pompeu Fabra, revised Nov 2020.
  60. Pablo Ottonello & Wenting Song, 2022. "Financial Intermediaries and the Macroeconomy: Evidence from a High-Frequency Identification," NBER Working Papers 29638, National Bureau of Economic Research, Inc.
  61. Cortes, Gustavo S. & Taylor, Bryan & Weidenmier, Marc D., 2022. "Financial factors and the propagation of the Great Depression," Journal of Financial Economics, Elsevier, vol. 145(2), pages 577-594.
  62. Xiao-Li Gong & Hao-Yang Ning & Xiong Xiong, 2025. "Research on the cross-contagion between international stock markets and geopolitical risks: the two-layer network perspective," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 11(1), pages 1-32, December.
  63. Olivier Armantier & Marco Cipriani & Asani Sarkar, 2024. "Discount Window Stigma After the Global Financial Crisis," Staff Reports 1137, Federal Reserve Bank of New York.
  64. Jorge López Villa & Miriam Sosa Castro, 2021. "Contagio en la volatilidad entre los mercados de capital y de divisas en México y Brasil (2000-2020)," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 16(TNEA), pages 1-28, Septiembr.
  65. Duan, Chengyonghui & Soh, Wei Ni & Ong, Tze San & Abdul Rahim, Norhuda Bt, 2025. "Evidence from financial freedom moderating the relationship between government intervention and financial stability," Finance Research Letters, Elsevier, vol. 72(C).
  66. McAndrews, James & Menand, lev, 2020. "Shadow Digital Money," MPRA Paper 99137, University Library of Munich, Germany.
  67. Schroth, Josef, 2021. "Macroprudential policy with capital buffers," Journal of Monetary Economics, Elsevier, vol. 118(C), pages 296-311.
  68. Li, Dan & Xia, Ying, 2021. "Gauging the effects of stock liquidity on earnings management: Evidence from the SEC tick size pilot test," Journal of Corporate Finance, Elsevier, vol. 67(C).
  69. Sergio Correia & Stephan Luck & Emil Verner, 2026. "Failing Banks," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 141(1), pages 147-204.
  70. Anthony Brassil & Mike Major & Peter Rickards, 2022. "MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA's Macroeconometric Model," RBA Research Discussion Papers rdp2022-01, Reserve Bank of Australia.
  71. Bashir Ahmad JOO & Simtiha Ishaq MIR, 2024. "Investigating the corporate debt and real investment nexus: dynamics and challenges in a shifting financial landscape," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(4(641), W), pages 297-308, Winter.
  72. Eysteinn Einarsson & Stella Einarsdottir & Tomas Dan Halldorsson & Vedis Sigridur Ingvarsdottir, 2023. "A financial conditions index for Iceland," Economics wp93, Department of Economics, Central bank of Iceland.
  73. Zhang, Wei, 2025. "Bank liquidity supply and corporate investment during the 2008–2009 financial crisis," The North American Journal of Economics and Finance, Elsevier, vol. 76(C).
  74. Matthew Baron & Emil Verner & Wei Xiong, 2025. "Banking Crises Without Panics," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 136(1), pages 51-113.
  75. Giannoulakis, Michael, 2025. "NPL Spillovers in Europe: Credit Risk contagion mechanisms in the aftermath of the global financial crisis," Greenwich Papers in Political Economy 51103, University of Greenwich, Greenwich Political Economy Research Centre.
  76. Peterson K. Ozili, 2023. "Economic Research in Banking – A Survey," Contemporary Studies in Economic and Financial Analysis, in: Digital Transformation, Strategic Resilience, Cyber Security and Risk Management, volume 111, pages 217-226, Emerald Group Publishing Limited.
  77. Miller, Marcus & Zhang, Lei, 2019. "Externalities and financial crisis – enough to cause collapse?," The Warwick Economics Research Paper Series (TWERPS) 1207, University of Warwick, Department of Economics.
  78. Zabavnik, Darja & Verbič, Miroslav, 2021. "Relationship between the financial and the real economy: A bibliometric analysis," International Review of Economics & Finance, Elsevier, vol. 75(C), pages 55-75.
  79. Mariana Spatareanu & Vlad Manole & Ali Kabiri, 2022. "The real effects of banks nationalization – evidence from the UK," Applied Economics Letters, Taylor & Francis Journals, vol. 29(7), pages 579-583, April.
  80. Han, Pengcheng & Wang, Shumin, 2025. "Does financial uncertainty reduce carbon emission reduction performance? Evidence from China’s manufacturing industry," Finance Research Letters, Elsevier, vol. 85(PE).
  81. Ryan A. Decker & Robert J. Kurtzman & Byron F. Lutz & Christopher J. Nekarda, 2021. "Across the Universe: Policy Support for Employment and Revenue in the Pandemic Recession," AEA Papers and Proceedings, American Economic Association, vol. 111, pages 267-271, May.
  82. Mr. Tobias Adrian & Fernando Duarte & Nellie Liang & Pawel Zabczyk, 2020. "Monetary and Macroprudential Policy with Endogenous Risk," IMF Working Papers 2020/236, International Monetary Fund.
  83. Das, Kuntal K. & Donald, Logan J. & Guender, Alfred V., 2023. "Debt finance and economic activity in the euro-area: evidence on asymmetric and maturity effects," International Review of Economics & Finance, Elsevier, vol. 85(C), pages 448-472.
  84. Martins, António Miguel & Moutinho, Nuno, 2024. "The effect of the evergrande bankruptcy on Chinese real estate listed firms," The Quarterly Review of Economics and Finance, Elsevier, vol. 98(C).
  85. Deniz Erer & Elif Erer & Selim Güngör, 2023. "The aggregate and sectoral time-varying market efficiency during crisis periods in Turkey: a comparative analysis with COVID-19 outbreak and the global financial crisis," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 9(1), pages 1-25, December.
IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.