Bank of the Republic of Macedonia (NBRM), which is complemented with data from banks' balance sheets. By using pooled OLS …, although the effect is relatively small. The results prove to be robust after controlling for several bank, loan and time …

as an expansion of the central bank's balance sheet countering the disruption in private financial intermediation …

framework in which fractional reserve banks emerge in equilibrium, where bank assets are funded with liabilities made demandable … in government money, where the terms of bank deposit contracts are affected by the liquidity insurance available in … financial markets, where banks are subject to runs, and where a central bank has a meaningful role to play, both in terms of …

that bank loans and overdrafts are the most widespread debt financing methods for SMEs, but that alternative sources like …

Evidence on the effects of negative interest rates on bank lending is inconclusive so far. By applying a difference … the introduction of a negative deposit facility rate by the European Central Bank led to an increased credit supply by …

This paper presents the main findings of the Survey for bank financing to small and medium enterprises (SMEs). The key …, including SMEs-related factors, macroeconomic factors, legal and contractual environment and some bank-specific factors. The …