about the pass-through of monetary policy. On the one hand, negative rates could lead to declining bank profitability making … interest rates per se. This paper uses a large micro level data set of the German bank universe to examine how banks behave in … this uncharted territory. The evidence found suggests that bank’s business model, i.e. the share of overnight deposits …

, which may have intensified the diabolic loop between sovereign and bank credit risks. By using a novel bank-level dataset …

of increased bank capital in terms of reduced loans could be substantial, there are good reasons to believe that the … between the capitalization of the banking sector and bank loans using panel cointegration models. We study the evolution of … the German economy for the past 60 years. We find no evidence for a negative impact of bank capital on business loans. …

use the model to look at monetary policy and show that allowing banks to sell long-term assets to the central bank after a …

Using a difference-in-differences identification strategy on a micro panel at the bank and firm level, we study the …

letter, some borrowers also receive a phone call from a randomly assigned bank agent. We find that borrowers, who speak with … a bank agent typically for only a few minutes, are significantly more likely to make timely payments and significantly …

Using a difference-in-differences identification strategy on a micro panel at the bank and firm level, we study the …