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Federal Reserve Bank of Richmond: "Credit Supply Shocks During a Nonfinancial Recession"
November 09, 2025
RICHMOND, Virginia, Nov. 9 (TNSLrpt) -- The Federal Reserve Bank of Richmond issued the following economic brief (No. 25-41) in October 2025 by Samaniego de la Parra and Horacio Sapriza entitled "Credit Supply Shocks During a Nonfinancial Recession".

Here are excerpts:

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While existing literature often focuses on the "bank lending channel" during financial recessions -- where banks' balance sheets are directly compromised -- it . . .

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