unique Euro area bank lending surveys. Embedding this information within a standard VAR model, we find that: (1) the credit … monetary policy shock on GDP and inflation; (3) for business loans, the impact through the (supply) bank lending channel is …Any empirical analysis of the credit channel faces a key identification challenge: changes in credit supply and demand …

, operates mainly through the credit channel, both the bank lending and the non-financial borrower balance-sheet channel. Our …The Euro area economic activity and banking sector have shown substantial fragility over the last years with remarkable … results suggest that the bank-lending channel has been partly mitigated by the ECB nonstandard monetary policy interventions …

-applicant firms that enable us to disentangle effects driven by shocks to the banking system from recession-driven demand shocks that … may vary across lenders. We find strong evidence that credit tightened in the relatively early stages of the crises caused … by the following types of bank financial distress: 1) low equity ratio; 2) low Tier 1 capital ratio; and 3) losses on …

ways to transfer credit risk have tended to diminish the informational content of standard bank balance-sheet indicators …We find evidence of a bank lending channel for the euro area operating via bank risk. Financial innovation and the new …. We show that bank risk conditions, as perceived by financial market investors, need to be considered, together with the …

We exploit the 2007-2009 financial crisis to analyze how risk relates to bank business models. Institutions with higher … risk exposure had less capital, larger size, greater reliance on short-term market funding, and aggressive credit growth …. Business models related to significantly reduced bank risk were characterized by a strong deposit base and greater income …

macroprudential policy is represented by a convex dependence of bank capital requirements on the quantity of uncollateralized credit …. In our model, producers are financed by both bank debt and equity, and face a mix of systematic and idiosyncratic …

to estimate the effects of bank financial distress on consumer credit and consumption expenditures. We show that …We employ a unique identification strategy linking survey data on household consumption expenditure to bank-level data … the face of a temporary adverse lending supply shock. The results contrast with recent evidence on the real effects of …

This paper tests cross-sectional differences in the effectiveness of the bank lending channel of monetary policy in … the effects of a tightening on credit supplied. Banks' liquidity is the most significant factor enabling them to attenuate …