Abstract not found

Abstract not found

Working papers describe research in progress by the author(s) and are published to elicit comments and to further debate. Any views expressed are solely those of the author(s) and so cannot be taken to represent those of the Bank of England or to state Bank of England policy. This paper should therefore not be reported as representing the views of the Bank of England or

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Number 909 Temi di discussione (Working papers) Credit supply during a sovereign debt crisis

Rodríguez, and Pilar Velilla for their help with the aggregate data. Documentos de Trabajo. N.º 1036 2010 The Working Paper Series seeks to disseminate original research in economics and fi nance. All papers have been anonymously refereed. By publishing these papers, the Banco de España aims to contribute to economic analysis and, in particular, to knowledge of the Spanish economy and its international environment. The opinions and analyses in the Working Paper Series are the responsibility of the authors and, therefore, do not necessarily coincide with those of the Banco de España or the Eurosystem. The Banco de España disseminates its main reports and most of its publications via the INTERNET at the following website:

at the May 2010 meeting of the Eurosystem’s Working Group on Econometric Modelling, at the XIX Finance Forum at Granada and at a Banco de España seminar for their comments and discussions. The views expressed in this paper are those of the authors and do not necessarily reflect those of the Banco de España. Documentos de Trabajo. N.º 1206 2012 The Working Paper Series seeks to disseminate original research in economics and fi nance. All papers have been anonymously refereed. By publishing these papers, the Banco de España aims to contribute to economic analysis and, in particular, to knowledge of the Spanish economy and its international environment. The opinions and analyses in the Working Paper Series are the responsibility of the authors and, therefore, do not necessarily coincide with those of the Banco de España or the Eurosystem. The Banco de España disseminates its main reports and most of its publications via the INTERNET at the following website:

The study investigates the effect of bank lending on growth in Nigeria using a sample of data from 1989 to 2012; 23 years the method of estimation used in the study is the quantile regression estimation method. It was found that commercial bank lending was having a negative effect on growth while institutions were not sufficiently protecting customers from the negative effect that often arise when banks liquidate. Central bank policies were found to be minimizing bank losses and helping to drive economic growth in general. The policy implication of the finding is that lower interest rates and less stringent conditions are likely to increase bank lending in general and this could have far reaching effect in driving growth in Nigeria. Key words:

NOTE: Staff working papers in the Finance and Economics Discussion Series (FEDS) are preliminary materials circulated to stimulate discussion and critical comment. The analysis and conclusions set forth are those of the authors and do not indicate concurrence by other members of the research staff or the Board of Governors. References in publications to the Finance and Economics Discussion Series (other than acknowledgement) should be cleared with the author(s) to protect the tentative character of these papers. The effects of bank capital on lending: What do we know, and what does it mean?∗