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A one standard deviation greater tightening reduces CI loan balances by 1

A one standard deviation greater tightening reduces CI loan balances by 1 Changes in Bank Credit Supply and CI Loan Growth Table 1 presents the results of regressing CI loan growth on the tightening index and the reported change in CI loan demand for the period from 1990 to 2019. The estimates in column 1, which omits the quarter fixed effects, imply that a one standard deviation increase in the tightening index is associated with a 3.13 percentage point drop in CI loan growth in the following

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