this policy through banks. This paper examines the role of bank liquidity, capitalization and market power as internal … monetary policy change on bank performance is also considered. The empirical analysis, using large panel datasets for the … rates by disaggregating down to the individual bank level. This is achieved by the use of a Local GMM technique that also …

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 …

. We show that ECB communications at the press conference were crucial for the market response and that bank health … some persistence. Other bank characteristics, in particular bank size, leverage and NPL ratios, amplified the impact of … monetary policy shocks on banks. After the OMT announcement, we detect that the response of bank stocks to monetary policy …

expected return news component - as opposed to the bank-specific news, typically assumed to be incorporated in the cash …