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 …

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 …

Central Bank’s policy-rate cuts in mid-2014. The pass-through of the rate cuts to banks’ funding costs differs across the euro … provide a simple model of an augmented bank balance-sheet channel where in addition to costly external financing, there is …

Exploiting a granular dataset of banks' security holdings I assess the impact of unconventional monetary policy on bank … bank constant at its level in January 2014, well in advance of an anticipation of the ECB's asset purchase program (APP … data on bank-specific TLTRO uptakes, my results do not seem to be driven by alternative, liquidity-driven transmission …

bank and responsible fiscal policy and more pronounced in times of high fiscal budget deficits and accommodative monetary …

the security level for each bank in each period, we find that during the crisis, banks with higher trading expertise …

This paper examines the relationship between central bank funding and credit risk-taking. Employing comprehensive bank …-firm-level data from the German credit registry during 2009:Q1-2014:Q4, we find that borrowing from the central bank is associated … with rebalancing of bank portfolios towards ex-ante riskier firms. We further establish that this relationship is …