. The model shows how banks' reactions interact with extended refinancing operations and asset purchases by the central bank …

We construct a money market pressure index based on central bank reserves and the short-term nominal interest rate to …

banks. However if in extreme scenarios the LCR becomes a binding constraint, the interaction of bank behaviour with the …-testing model, which takes into account the impact of bank reactions on second round feedback effects. We show that a flexible …

This paper examines how credit risk affects bank lending and the business cycle. We estimate a panel Vector …, inflation, the short-term interest rate, bank lending, as well as loan loss provisioning by banks (as proxy for credit risk …). Our main findings are that: (i) bank lending and loan loss provisioning are important drivers of business cycle …

Do tightenings of bank lending standards permanently reduce bank lending? We construct a measure of a bank's level of … lending standards using micro-data from the sample of banks participating in the Eurosystem Bank Lending Survey in The … relevant; a one point tightening reduces a bank's quarterly growth rate of business lending by about half a percentage point …

demand and/or quality, or by other types of shocks to bank balance sheets. The slowdown in lending is lower for banks that …

1995 to 2012. The estimated CCI has a high correlation with the Bank Lending Survey, a quarterly survey in which banks are …