Editorial
In this study Katrin Wesche investigates balance sheet and income statement data for Austrian firms to test for the existence of a credit channel. These effects are studied by descriptive statistics and by panel estimations. The study has two main results: First, the descriptive statistics gives evidence for the effects of monetary im-pulses via the balance sheet channel. Second, the panel estimation identifies firms, in which problems of asymmetric information are particularly strong, as more ex-posed to the effects of the credit channel than others.