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- W3188354135 abstract "This paper documents the aggregate properties of credit relationship flows within the commercial loan market in France from 1998 through 2018. Using detailed bank-firm level data from the French Credit Register, we show that banks actively and continuously adjust their credit supply along both intensive and extensive margins. We particularly highlight the importance of gross flows associated with credit relationships and show that they are (i) volatile and pervasive throughout the cycle, and (ii) can account for up to 48 percent of the cyclical and 90 percent of the long-run variations in aggregate bank credit." @default.
- W3188354135 created "2021-08-16" @default.
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- W3188354135 date "2021-01-01" @default.
- W3188354135 modified "2023-09-27" @default.
- W3188354135 title "Aggregate Implications of Credit Relationship Flows: a Tale of Two Margin" @default.
- W3188354135 hasPublicationYear "2021" @default.
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