Contingent Credit Under Stress

Over the past two decades, banks have increasingly focused on offering contingent credit in the form of credit lines as a primary means of corporate borrowing. We review the existing body of research regarding the rationales for banks provision of liquidity insurance in the form of credit lines,

近二十年来，银行愈发侧重以信贷额度（credit lines）形式提供或有信贷（contingent credit），并将其作为企业借款的主要途径。本文梳理了现有关于银行以信贷额度形式提供流动性保险的理论动因的相关研究。