Bittner, Christian; Bonfim, Diana; Heider, Florian; … - 2022
This paper studies how banks’ balance sheets and funding costs interact in the transmission of monetary-policy rates to … Central Bank’s policy-rate cuts in mid-2014. The pass-through of the rate cuts to banks’ funding costs differs across the euro-area … screening of borrowers and a ZLB on retail deposit rates. An impaired pass-through of monetary policy to banks’ funding costs …