crucial complementarities between supervision and monetary policy: centralised supervision offsets excessive bank risk …

overnight unsecured loans. Using proprietary bank-level data, we find that interbank rate uncertainty significantly raises … positions and greater access to central bank funding …

a unique bank-level dataset. Bank balance sheet characteristics such as the capital ratio and the exposure to sovereign … debt are responsible for the heterogeneity of pass-through of conventional monetary policy changes. The location of a bank …

Central Bank (ECB). Using high-frequency data, we find that OMT announcements decreased the Italian and Spanish 2-year … France, Germany, Italy, and Spain. The scenario analysis suggests that the reduction in bond yields due to OMT announcements … is associated with a significant increase in real activity, credit, and prices in Italy and Spain with relatively muted …

We analyse the impact of standard and non-standard monetary policy measures on bank profitability. For empirical … identification, the analysis focuses on the euro area, thereby exploiting substantial bank and country heterogeneity within a … monetary union where the central bank has implemented a broad range of unconventional policies, including quantitative easing …