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 …

with bank-level data to study the contagion potential of an exogenous shock via credit and funding risks. We find that …-linear function of the combination of network structures and bank-specific characteristics …

The paper focuses on the impact of diversification on bank performance and how consolidation through mergers and … indigenous banks, as compared to foreign competitors in the ECCU. We then simulate bank mergers both within and across ECCU … countries by combining individual banks' balance sheets. The simulation shows that a typical indigenous bank could better …