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

policy period, change in banks’ competitive behaviour affected the bank lending channel and discouraged banks from taking …

explain about two-thirds of the variation of bank capitalization over the business cycle. We estimate that provisioning …

estimated while controlling for the macroeconomic environment. An increase in bank' balance sheet risk is shown to increase the …

This paper investigates the relationship between short-term interest rates and bank risk. Using a unique database that …

how the transmission depends on bank balance sheets, and how this changes once policy rates become negative. We review the …

develops a simple analytical framework to study the impact of central bank policy-rate changes on banks' credit supply and risk …-taking incentives. Unobservable expost bank monitoring of loans creates an external-financing constraint, which determines bank leverage …. Unobservable, costly ex-ante screening of borrowers determines the level of bank risk-taking. More risk-taking tightens the …

We show that negative policy rates affect the supply of bank credit in a novel way. Banks are reluctant to pass on … low-deposit banks. As a consequence, the introduction of negative policy rates by the European Central Bank in mid-2014 …