The crisis in Europe has underscored the vulnerability of European bank funding models compared to international peers …. This paper studies the drivers behind this fragility and examines the future of bank funding, primarily wholesale, in … possible policy options and bank actions to enhance European bank funding models' robustness …

The crisis in Europe has underscored the vulnerability of European bank funding models compared to international peers …. This paper studies the drivers behind this fragility and examines the future of bank funding, primarily wholesale, in … possible policy options and bank actions to enhance European bank funding models’ robustness …

conditional profitability distributions. Real GDP growth and the NPL ratio are shown to be the most reliable determinants of bank …

More than two years ago the European Central Bank (ECB) adopted a negative interest rate policy (NIRP) to achieve its …, interest rate cuts also weigh on bank profitability. Substantial rate cuts may at some point outweigh the benefits from higher …

We reconsider the design of welfare-optimal monetary policy when financing frictions impair the supply of bank credit …

With policy rates near the zero bound, the Bank of Japan (BoJ) has introduced a series of unconventional monetary …

these operations. Despite a vast literature on the topic, central bank approaches and practices vary considerably. In this …