the proprietary bank-to-bank European interbank dataset extracted from Target2 and also exploit the Lehman and sovereign …

We analyze the impact of market liquidity on bank lending in the euro area for different segments over the period 2003 … liquidity has an asymmetric effect on bank lending: The negative impact of a reduction in liquidity is more significant than the … restricted first in times of impaired market liquidity. The bank-level data confirm the strong impact of market liquidity on bank …

How does a shock to the liquidity of bank assets affect credit supply, cross-border lending, and real activity at the … firm level? We exploit that, in 2007, the European Central Bank replaced national collateral frameworks by a single list …

This paper examines German and foreign bank factors that can explain cross-border central bank liquidity flows between … and profit and loss accounts affect flows with Germany. We control for bilateral bank-specific relationships and time …-varying macroeconomic country effects in our regressions. In general, German bank factors seem to be more important than characteristics of …

the change in eligibility criteria for collateral in central bank refinancing operations. Our results show that market … observe a broad-based flight to liquidity. The European Central Bank's unconventional monetary policy had a strong impact on …

the introduction of negative deposit rates by the European Central Bank in June 2014 and a novel securities register for …

interest margin (NIM) and its components, retail lending and retail deposit rates. Using two proprietary bank-level data sets …

We study the implications of the Eurosystem's expanded Asset Purchase Programme (APP) for the bank lending business of … confidential bank-level data on quantitative balance sheet items and interest rates as well as on qualitative survey responses to … the Eurosystem's Bank Lending Survey, we identify the exposure of banks to the APP and corresponding effects on loan …

that differences in bank funding costs help explain the varying appetite of banks for relatively high-yielding (and hence …

domestic government debt in the euro area,thus strengthening or weakening the sovereign-bank nexus. To do so, we construct … sovereign bondsin the periphery countries and so deepens the sovereign-bank nexus. By contrast,banks in the core countries …