Altavilla, Carlo; Andreeva, Desislava Č.; Boucinha, Miguel - 2019
’ balance sheets can have very sizeable implications for the transmission of monetary policy. This paper provides an overview of … developments in banks’ balance sheets, profitability and risk-bearing capacity and analyses their relevance for monetary policy. We … crisis, in a context of financial market stress and weak bank balance sheets, unconventional monetary policy measures have …