We study passive funds' conflicts of interest by examining their securities lending decisions. We show that passive … funds' lending varies with the costs of lending for their families. Passive funds are less likely to lend a security if (i … the security's issuer. The effect of these costs is especially strong among funds with in-house lending agents that retain …

This study considers the pass-through of different ECB monetary policy measures to bank corporate lending rates of … transmission of monetary policy to bank lending rates appears to have become less efficient below zero, particularly in the case of …-through during the low-for-long period with banks raising their lending rates as monetary policy is eased. Unconventional monetary …

We utilize the Eurosystem securities lending facilities as a laboratory to investigate the impact of collateral … scarcity on market functioning. The reduction of securities lending fees, implemented in November 2020, provides a natural … experiment for our analyses. This policy change results in a surge in the utilization of securities lending facilities …

lending channel. The current study focuses on assessing the transmission of monetary impulses through commercial and …

economy through BigTech lending. …