change in NPL ratios tends to depress bank lending volumes, widens bank lending spreads and leads to a fall in real GDP …

We provide evidence that the strength of the bank lending channel varies considerably across three major events in the … easing (QE). We study how lending responds to each shock using detailed bank, firm, and household data from Portugal, a … more effective than signalling events at stimulating the bank lending channel …

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

The paper studies the central bank collateral framework and its impact on banks’ liquidity under an adverse stress test … four funding channels: unsecured loans, asset sales, private repurchase agreements, or Central Bank lending. We test three … highlight the heterogeneous effects across different jurisdictions and financial institutions. We find that bank equity losses …

economy. In our model, producers are financed by both bank debt and equity, and face a mix of systematic and idiosyncratic … macro-prudential policy is represented by a convex dependence of bank capital requirements on the quantity of …