the introduction of a negative deposit facility rate by the European Central Bank led to an increased credit supply by … high-deposit financed banks. Given the importance of relationship banking, the extended credit is granted mainly by smaller … banks and via existing credit relationships to firms and households. Banks lend more often to indebted customers and to …

The objective of this paper to investigate the effectiveness of credit easing policy in mitigating the economic fallout … channels: (i) higher non-performing loans provisions, and (ii) lower the marginal return of assets. Credit policy is modelled …. Unconventional monetary policy, namely credit easing policy, is shown to be ineffective in mitigating the effects of a financial …

rates might affect not only the quantity, but the quality of credit extended as well. In line with this debate, this paper … Macedonia. For this purpose we use a rather unique database of corporate loans, taken from the Credit Registry of the National …

quantify the macroeconomic effects of the credit deepening process observed in many Latin American (LA) countries in the last … decade, most notably in Brazil. In the model, a stylized banking sector intermediates credit from patient households to … impatient households and firms. The key novelty of the paper, motivated by the Brazilian experience, is to model the credit …