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 … results are supportive of the existence of a bank lending, balance sheet, and risk-taking channel of monetary policy. They …

reallocates mostly towards safer producers. Lending standards propagate bank capital shortfalls through labor misallocation … increasing. Finally, with endogenous lending standards, first-moment bank capital shocks look like second-moment shocks …

We develop a dynamic structural model of bank behaviour that provides a microeconomic foundation for bank capital and …

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 … results are supportive of the existence of a bank lending, balance sheet, and risk-taking channel of monetary policy. They …

Markets Programme (SMP). Using detailed security holdings data at the bank level, we show that banks exposed to this …

through which channels changes in capitalization affect bank lending and the wider economy and can inform policy makers on the …

crisis, and of the provision of central bank liquidity during the crisis. Exploiting the euro area institutional setting for … monetary and prudential policy and using the Bank Lending Survey, we show that in the period prior to the crisis, in an … environment of low monetary policy interest rates, bank lending conditions unrelated to borrowers' risk were softened. During the …

evolution of bank credit. We use a unique loan-level dataset comprising multiple credit registers from several European … with borrower and bank-level characteristics and with indicators summarising macroprudential and monetary policy actions …. We find that monetary policy easing increases both bank lending and lending to riskier borrowers, especially when there …