Loan Types and the Bank Lending Channel

We are grateful to Daniel Paravisini (discussant), José-Luis Peydró(discussant), Sebnem Kalemli-Ozcan, Steven Ongena, Glenn Schepens, Jeremy Stein and participants at the 2019 New Topics in Banking Conference organized by Columbia University, the 2019 NBER Corporate Finance Summer Institute, the 10th Swiss Winter Conference on Financial Intermediation, and seminars at the Federal Reserve Bank of Boston, the European Central Bank, the Dutch Central Bank, the University of Bonn, and the University of Massachusetts Amherst. We also thank Bryan Gutiérrez who has helped to understand the Peruvian institutional context and data. Finally, we are very grateful to Peruvian Superintendencia de Banca, Seguros y AFP for facilitating access to the data used in this project. The views expressed are our own and do not reflect those of the Bank of Spain, the ECB, or of the National Bureau of Economic Research.