Central banks wish to avoid self-fulfilling fluctuations. Monetary rules with a unit response to real rates achieve …

significant declines and substantial dispersion in European repo rates. However, banks holding these safe assets benefited from … German credit register to show that asset scarcity had real effects: Banks more exposed to asset scarcity increased their …

interaction effect, on euro area bank lending and lending rates. Our results show that - for weakly capitalized banks - increases … lending. In addition, we find that there is no similar effect of capital requirements for strongly capitalized banks … decrease of the loan growth of weakly capitalized banks. …

We show that the transmission of the European Central Bank’s (ECB) recent monetary policy tightening differs across … banks depending on their level of excess reserves. Specifically, the net worth of reserve-rich banks may display a boost … reserve-rich banks’ credit supply is less sensitive to the monetary policy tightening compared to other banks. The effect …

-through in monopolistic banking markets. Our data,covering all 1,555 small and medium sized banks in Germany, provides a clear … market rates from their depositors. Because high market-power banks inour sample are relatively more profitable, they seem to …

apply negative interest rates to corporate deposits. The results suggest that banks that are highly exposed to the negative … deposit rates. Furthermore, I examine whether banks adjusted their fee and commission strategy during the NIRP period and if … they do what characterises those banks. My results show that banks adjusted their strategy in deposit business with …

This paper sheds light on the effect of quantitative easing (QE) on bank lending. Using data on German banks for 2014 …-2016, I show that QE encourages banks to rebalance from securities to loans. For identification, I use bond redemptions as … exogenous variation in banks' need to rebalance their portfolio and hence their exposure to QE. I find that more exposed banks …

associated with the ECB’s maturity extensions and that the risk-taking sensitivity of banks borrowing from the ECB is independent …

banking, which holds that banks increase the nominal purchasing power of the economy when they create additional deposits in …

, lending was reduced and we observe that banks requested higher credit spreads. Of particular importance is that market … lending as well. More specifically, we show that non-listed banks, less profitable banks and banks which rely relatively more … on net interest income, as well as banks with a high funding liquidity are particularly strongly exposed to market …