Cyclicality of Credit Supply: Firm Level Evidence
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Theory predicts that there is a close link between bank credit supply and the evolution of the business cycle. Yet fluctuations in bank-loan supply have been hard to quantify in the time-series. While loan issuance falls in recessions, it is not clear if this is due to demand or supply. We address
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美国国家经济研究局创建时间：
2011-09-01
