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Risk, capital buffer and bank lending: a granular approach to the adjustment of euro area banks

Maurin, Laurent; Toivanen, Mervi - European Central Bank - 2012

estimated while controlling for the macroeconomic environment. An increase in bank’ balance sheet risk is shown to increase the …

Persistent link: https://www.econbiz.de/10010686810

Credit supply - Identifying balance-sheet channels with loan applications and granted loans

Jiménez, Gabriel; Ongena, Steven; Peydró, José-Luis; … - European Central Bank - 2010

resultant credit restriction by turning to other banks. Importantly the bank-lending channel is notably stronger when we account …

Persistent link: https://www.econbiz.de/10008565827

Banks' financial distress, lending supply and consumption expenditure

Damar, H. Evren; Gropp, Reint; Mordel, Adi - European Central Bank - 2014

We employ a unique identification strategy linking survey data on household consumption expenditure to bank-level data … to estimate the effects of bank financial distress on consumer credit and consumption expenditures. We show that …

Persistent link: https://www.econbiz.de/10011067238

Universal banks and corporate control: evidence from the global syndicated loan market

Ferreira, Miguel A.; Matos, Pedro - European Central Bank - 2009

stakesor institutional holdings. We investigate the effects of these bank-firm governancelinks on the global syndicated loan …

Persistent link: https://www.econbiz.de/10005866517

On the Real Effects of Private Equity InvestmentEvidence from New Business Creation

Popov, Alexander; Roosenboom, Peter - European Central Bank - 2009

Using a comprehensive database of European firms, we study how private equityaffects the rate of firm entry. We find that private equity investment benefits newbusiness incorporation, especially in industries with naturally higher entry rates andR&D intensity. A two standard deviation increase...

Persistent link: https://www.econbiz.de/10005866482

Does private equity investment spur innovation? Evidence from Europe

Popov, Alexander; Roosenboom, Peter - European Central Bank - 2009

We provide the first cross-country evidence of the effect of investment by privateequity firms on innovation, focusing on a sample of European countries and usingKortum and Lerner’s (2000) empirical methodology. Using an 18-country panelcovering the period 1991-2004, we study how private...

Persistent link: https://www.econbiz.de/10005866520

Does it pay to have the euro? Italy’s politics and financial markets under the lira and the euro

Fratzscher, Marcel; Stracca, Livio - European Central Bank - 2009

There is a broad consensus that the quality of the political system and its institutionsare fundamental for a country’s prosperity. The paper focuses on political events inItaly over the past 35 years and asks whether the adoption of the euro in 1999 hashelped insulate Italy’s financial...

Persistent link: https://www.econbiz.de/10005866519

Optimal monetary policy in a model of the credit channel

De Fiore, Fiorella; Tristani, Oreste - European Central Bank - 2009

We consider a simple extension of the basic new-Keynesian setup in which we relaxthe assumption of frictionless financial markets. In our economy, asymmetricinformation and default risk lead banks to optimally charge a lending rate above therisk-free rate. Our contribution is threefold. First,...

Persistent link: https://www.econbiz.de/10005866631

Financial systems and the role of banks in monetary policy transmission in the euro area

Ehrmann, Michael; Gambacorta, Leonardo; Martinéz … - European Central Bank - 2001

monetary policy does alter bank loan supply, with the effects most dependent on the liquidity of individual banks. Unlike in … the US, the size of a bank does generally not explain its lending reaction. We also show that the standard publicly …

Persistent link: https://www.econbiz.de/10004969169

Is there a bank lending channel of monetary policy in Spain?

Hernando, Ignacio; Martinéz Pagés, Jorge - European Central Bank - 2001

This paper uses panel data on banks, for the period 1991-98, to test the existence of a bank-lending channel in the … analyse the differential responses, to monetary policy changes, of bank lending by banks with different size, liquidity and … results are mostly against the existence of a bank-lending channel in the period under analysis. This result appears to be …

Persistent link: https://www.econbiz.de/10004969175