induce firms to substitute out of bank finance, leading to a theoretically ambiguous effect on the profile of aggregate …

-varying inefficiency in the banking sector. This is important because lack of distinction may lead to biased estimates of inefficiency and …. We find that cost efficiency in the euro area banking sector amounted to around 84% on average over the 2006 to 2017 …. Given the need to boost productivity and enhance profitability in the euro area banking sector, these findings suggests that …

incentive problems in banking. The optimal policy depends not only on the extent, but also on the type of optimism. For example …

We analyse the effects of supranational versus national banking supervision on credit supply, and its interactions with … institutional change leading to the centralisation of European banking supervision; (iii) high-frequency monetary policy surprises …

We study the allocation of interest rate risk within the European banking sector using novel data. Banks' exposure to … redistributive effects within the banking sector. …

trade linkages and country specific banking sector characteristics. We find that countercyclical macroprudential interventions …