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Bank Risk-Taking, Securitization, Supervision and Low Interest Rates : Evidence from the Euro Area and the U.S. Lending Standards

Maddaloni, Angela - 2010

Using a unique dataset of the Euro area and the U.S. bank lending standards, we find that low (monetary policy) short …

Persistent link: https://www.econbiz.de/10013138019

Trusting the Bankers : A New Look at the Credit Channel of Monetary Policy

Ciccarelli, Matteo - 2010

unique Euro area bank lending surveys. Embedding this information within a standard VAR model, we find that: (1) the credit …) during the crisis, credit supply restrictions to firms in the Euro area and tighter standards for mortgage loans in the US …

Persistent link: https://www.econbiz.de/10013141032

Euro Money Market Spreads During the 2007-? Financial Crisis

Cassola, Nuno - 2012

In the paper we investigate the empirical features of euro area money market turbulence during the recent financial …

Persistent link: https://www.econbiz.de/10013106591

Heterogeneous Transmission Mechanism : Monetary Policy and Financial Fragility in the Euro Area

Ciccarelli, Matteo - 2013

The Euro area economic activity and banking sector have shown substantial fragility over the last years with remarkable … affected the transmission mechanism of the single Euro area monetary policy during the crisis until the end of 2011. The …

Persistent link: https://www.econbiz.de/10013085173

Negative Monetary Policy Rates and Systemic Banks’ Risk-Taking : Evidence from the Euro Area Securities Register

Bubeck, Johannes - 2020

the 26 largest euro area banking groups. Banks with more customer deposits are negatively affected by negative rates, as …

Persistent link: https://www.econbiz.de/10012836176

Monetary Policy, Macroprudential Policy and Banking Stability : Evidence from the Euro Area

Maddaloni, Angela - 2013

crisis, and of the provision of central bank liquidity during the crisis. Exploiting the euro area institutional setting for …

Persistent link: https://www.econbiz.de/10013080478

The Euro Area Bank Lending Survey Matters : Empirical Evidence for Credit and Output Growth

de Bondt, Gabe; Maddaloni, Angela; Peydró, José-Luis; … - 2021

This study examines empirically the information content of the euro area Bank Lending Survey for aggregate credit and … leading indicator for euro area bank credit and real GDP growth. Notwithstanding the short history of the survey, the findings …

Persistent link: https://www.econbiz.de/10013316257

The Reserve Fulfilment Path of Euro Area Commercial Banks : Empirical Testing Using Panel Data

Cassola, Nuno - 2021

commercial banks from the euro area. The linear accumulation hypothesis is not rejected by the data with the exception of small …. Our calibration exercise suggests that the probability of an individual bank's daily overdraft in the euro area is very …

Persistent link: https://www.econbiz.de/10013316595

Comovements in Volatility in the Euro Money Market

Cassola, Nuno; Morana, Claudio - 2021

This paper assesses the sources of volatility persistence in Euro Area money market interest rates and the existence of …

Persistent link: https://www.econbiz.de/10013317311

Optimal allotment policy in the Eurosystem's main refinancing operations

Ewerhart, Christian; Cassola, Nuno; Ejerskov, Steen; … - 2003

On several occasions during the period 2001-2003, the European Central Bank (ECB) decided to deviate from its “neutral” benchmark allotment rule, with the effect of not alleviating a temporary liquidity shortage in the banking system. This is remarkable because it implied the possibility of...

Persistent link: https://www.econbiz.de/10011604341