hampered the smooth transmission of accommodative monetary policy. Using bank level data from 2007 to 2015, we directly measure … bank in the same month for loans to small and large firms (the "Small Firm Financing Premium", SFFP). We assess the role … played by both bank and macroeconomic factors in explaining the variation in the SFFP across countries and through time. We …

policy period, change in banks’ competitive behaviour affected the bank lending channel and discouraged banks from taking …

In June 2014 the ECB became the first major central bank to lower one of its key policy rates to negative territory … by using individual bank data for the euro area to identify possible adjustments by banks triggered by the introduction … of negative interest rates through three channels: government bond holdings, bank lending, and wholesale funding. We find …

By employing a sample of 20,956 observations of non-financial SMEs headquartered in the Euro area, between 2009 and … 2015, we test whether young businesses are more likely to face credit rejections from lenders than their older peers. Our … the issue of sample selection bias potentially affecting our data. Additional tests also reveal that credit constraints …

banks' credit supply to firms. To do so, we use creditregistry data from Germany and Portugal together with the European … Central Bank's policy-rate cuts in mid-2014. The pass-through of the rate cuts to banks' funding costs differs across the euro …' financing constraints matter less for the supply of credit and there is more risk taking. To rationalize these findings, we …

banks’ credit supply to firms. To do so, we use credit-registry data from Germany and Portugal together with the European … Central Bank’s policy-rate cuts in mid-2014. The pass-through of the rate cuts to banks’ funding costs differs across the euro …’ financing constraints matter less for the supply of credit and there is more risk taking. To rationalize these findings, we …

After the global financial crisis and during the European sovereign debt crisis, bank lending to companies in the euro … area slowed down dramatically, bringing the economy close to a credit crunch. It was only after the start of the European … Central Bank (ECB) quantitative easing programme in early 2015 that bank lending improved sustainably. This study analyses the …

After the global financial crisis and during the European sovereign debt crisis, bank lending to companies in the euro … area slowed down dramatically bringing the economy close to a credit crunch. It was only after the start of the ECB …’s quantitative easing programme in early 2015 that bank lending improved sustainably. The study analyses the impact of the ECB …

This paper uses a unique dataset where credit rejections experienced by euro area firms are matched with firm and bank … characteristics. This allows us to study simultaneously the role that bank and firm weakness had in the credit reduction observed in … strong determinants of credit rejections, in the crisis period bank weakness made it harder to obtain external finance for …