We study the impact of higher capital requirements on banks' balance sheets and its transmission to the real economy. The 2011 EBA capital exercise is an almost ideal quasi-natural experiment to identify this impact with a difference-in-differences matching estimator. We find that treated banks...

Monetary policy transmission -- A new view: Implications of financial innovation for the bank lending channel -- Bank lending against the background of the recent crisis -- Empirical analysis: Determinants of bank lending during normal and crisis periods.