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

This study provides new evidence on the relationship between unconventional monetary policy and auction cycles in the … public debt auctions. The findings indicate that Eurosystem's asset purchase flows mitigate yield cycles during auction … periods and counteract the amplification impact of market volatility. The dampening effect of central bank asset purchases on …

mortgage rates move one-for-one with 10-year swap rates, leaving little explanatory power for mortgage concentration, bank …

We contribute to the empirical literature on the impact of shocks to bank capital in the euro area by estimating a … economy, namely a demand shock and a shock to bank capital. The main findings of the paper are as follows: i) Impulse …-response analysis shows that in response to a shock to bank capital, banks boost capital ratios by reducing their relative exposure to …

This paper contributes to the existing literature on central bank repo auctions. It is based on a structural …