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types of long-term debt securities. By investigating at the individual bank level, we are able to test explicitly a broad … country and bank-specific financial characteristics as explanatory variables. With respect to the country determinants, our … bond issuance, while for banks from the euro area periphery central bank liquidity substituted for unsecured long-term debt …
Persistent link: https://www.econbiz.de/10013014489
interest margin (NIM) and its components, retail lending and retail deposit rates. Using two proprietary bank-level data sets …
Persistent link: https://www.econbiz.de/10012837536
-linearities arising in the vicinity of the lower bound. Moreover, balance sheet easing policies enhance bank level resilience overall …
Persistent link: https://www.econbiz.de/10012896703
Every financial crisis brings in its wake demands for more information; the latest one is no exception. Because, in deceptively tranquil times, it is well-nigh impossible to foster the consensus necessary to improve data availability, such a window of opportunity must not be missed. To be sure,...
Persistent link: https://www.econbiz.de/10013064189
This paper provides an overview of bank funding trends in the euro area following the 2007-09 global financial crisis …
Persistent link: https://www.econbiz.de/10013064410
This paper investigates the overall effect of the European Central Bank's (ECB's) unconventional monetary policies … (UMPs) implemented since 2008 on euro area bank retail lending and deposit rates offered to households and non …
Persistent link: https://www.econbiz.de/10012837534
does not when finance grows via bank lending. These findings concur with a well-established literature indicating that …
Persistent link: https://www.econbiz.de/10012896701
the global systemic importance index for any bank into the contributions of each of the sub-networks, providing a …
Persistent link: https://www.econbiz.de/10012965828
non-banks. Third, this currency dimension of the bank lending channel works similarly across the three currencies … suggesting that the cross-border bank lending channel of liquidity shock transmission may not be unique to lending in USD …
Persistent link: https://www.econbiz.de/10012966715
We uncover a new channel for spillovers of funding dry-ups. The 2016 US money market fund (MMF) reform exogenously reduced unsecured MMF funding for some banks. We use novel data to trace those banks to a platform for corporate deposit funding. We show that intensified competition for corporate...
Persistent link: https://www.econbiz.de/10012863470