how the transmission depends on bank balance sheets, and how this changes once policy rates become negative. We review the …

We study the impact of increasingly negative central bank policy rates on banks' propensity to become undercapitalized …

Switzerland. For identification, we compare changes in the behavior of banks that had different fractions of their central bank …

-run supply of bank credit. As U.S. bond rates have fallen, the pass-through of monetary shocks to loan and deposit rates has … weakened while the spread on U.S. bank loans has risen. I build a model in which banks earn deposit and loan spreads, deposits … dampened at low rates, because deposit spreads act as a better hedge for bank equity against unexpected monetary shocks. In the …

of banking sector concentration. Using a local projections framework with 2003-2023 country-level and bank-level data for …

We analyse the impact of standard and non-standard monetary policy measures on bank profitability. For empirical … identification, the analysis focuses on the euro area, thereby exploiting substantial bank and country heterogeneity within a … monetary union where the central bank has implemented a broad range of unconventional policies, including quantitative easing …

should more closely match the risk characteristics of loans and deposits. For the euro area, imputed bank output is, on … area GDP (at current prices) between 0.16 and 0.27 percent. - Bank output ; FISIM ; risk ; loan interest rates ; deposit …