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What are the real effects of financial market liquidity? : evidence on bank lending from the euro area

Dombret, Andreas R.; Foos, Daniel; Pliszka, Kamil; … - 2018

We analyze the impact of market liquidity on bank lending in the euro area for different segments over the period 2003 … to 2016. Our results on the aggregate level show that market liquidity is positively related to loan volumes and … liquidity has an asymmetric effect on bank lending: The negative impact of a reduction in liquidity is more significant than the …

Persistent link: https://www.econbiz.de/10011897986

Excess reserves and monetary policy tightening

Fricke, Daniel; Greppmair, Stefan; Paludkiewicz, Karol - 2024 - This draft: February 2, 2024

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 when the interest rate paid on reserves increases...

Persistent link: https://www.econbiz.de/10014481115

The augmented bank balance-sheet channel of monetary policy

Bittner, Christian; Bonfim, Diana; Heider, Florian; … - 2022

This paper studies how banks’ balance sheets and funding costs interact in the transmission of monetary-policy rates to banks’ credit supply to firms. To do so, we use credit-registry data from Germany and Portugal together with the European Central Bank’s policy-rate cuts in mid-2014. The...

Persistent link: https://www.econbiz.de/10013259629

Implications of negative interest rates for the net interest margin and lending of euro area banks

Klein, Melanie - 2020

This paper explores the impact of low (but) positive and negative market interest rates on euro area banks' net interest margin (NIM) and its components, retail lending and retail deposit rates. Using two proprietary bank-level data sets, I find a positive impact of the level of the short-term...

Persistent link: https://www.econbiz.de/10012179680

The effects of firm and bank balance sheet conditions to net interest margins : evidence from loan-level firm survey data

Aizawa-Tanemura, Tomoko; Nishiyama, Shin-Ichi - 2022

Persistent link: https://www.econbiz.de/10014285955

Balance sheet strength and bank lending during the global financial crisis

Kapan, Tümer; Minoiu, Camelia - 2013

structural liquidity positions in 2007Q2 to estimate the impact of exposure to market freezes during 2007–08 on the supply of … particular, banks that were ex ante more dependent on market funding and had lower structural liquidity reduced the supply of …

Persistent link: https://www.econbiz.de/10010128760

Going below zero - how do banks react?

Michaelis, Henrike - 2022

Exploiting confidential data on individual German bank balance-sheets, I analyse what characterises a bank that opts to apply negative interest rates to corporate deposits. The results suggest that banks that are highly exposed to the negative interest rate policy (NIRP), i.e. funded by a larger...

Persistent link: https://www.econbiz.de/10013361902

Banks' strategic interaction, adverse price dynamics and systemic liquidity risk

Krüger, Ulrich; Roling, Christoph; Silbermann, Leonid; … - 2022

In this paper we introduce two measures, the Systemic Liquidity Buffer (SLB) and the Systemic Liquidity Shortfall (SLS …) to assess liquidity in the banking system. The SLB takes an aggregated perspective on liquidity risks in the banking … system. In contrast, the SLS focusses on the problematic banks which suffer a liquidity shortfall. These measures provide an …

Persistent link: https://www.econbiz.de/10012888139

Bank capital, the state contingency of banks’ assets and its role for the transmission of shocks

Kühl, Michael - 2014

The role of bank capital as a propagation channel of shocks is strongly pronounced in recent macroeconomic models. In this paper, we show how the evolution of bank capital depends on the share of non-state-contingent assets in banks’ balance sheets and present the consequences for...

Persistent link: https://www.econbiz.de/10010415785

The transmission of bank capital requirements and monetary policy to bank lending

Imbierowicz, Björn; Löffler, Axel; Vogel, Ursula - 2019

We investigate the transmission of changes in bank capital requirements and supranational monetary policy, and their interaction effect, on euro area bank lending and lending rates. Our results show that - for weakly capitalized banks - increases in capital requirements are in the short-run...

Persistent link: https://www.econbiz.de/10012160525

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