Claeys, Grégory; Darvas, Zsolt; Merler, Silvia; Wolff, … - Bruegel - 2014
banking-sector problems are making the task of the ECB more difficult. It is against this background that we discuss monetary … lending to banks, the ECB exposure to credit risk is minimal. In addition, the central bank would not replace the banking …-financial corporations in the euro area, UK and US Source: Bruegel calculations based on ECB (lending rates in EU countries), IMF (inflation …