banks' credit supply to firms. To do so, we use credit-registry data from Germany and Portugal together with the European … Central Bank's policy-rate cuts in mid-2014. The pass-through of the rate cuts to banks' funding costs differs across the euro …' financing constraints matter less for the supply of credit and there is more risk taking. To rationalize these findings, we …

Bank market power, both in the loan and deposit market, has important implications for credit provision and for … offer demandable contracts. This structure allows us to review the literature on the role of market power for credit … identifies relevant channels that deserve further analysis, especially given the rising importance of bank market power for …

extend the six-region multi-country model of Darracq Pariès et al. (2016), introducing credit and exchange rate channels for … central bank asset purchases. The portfolio rebalancing frictions are calibrated to match the sovereign yield and exchange … the credit intermediation chain is significant and quite heterogenous across the largest euro area countries. The …

We assess whether central bank credit operations influence the size and composition of bank credit in a negative … credit easing measures had a strong positive effect on bank credit, even when controlling for possible confounding factors … interest rate environment. We exploit confidential information from the newly established European credit registry to capture …

find that: bond finance dampens the overall response of firm credit to monetary policy shocks in economies with a high … initial share of bond- relative to bank-based finance; this effect weakens, and may even reverse, in economies with a low … when bank lending contracts. …

ways to transfer credit risk have tended to diminish the informational content of standard bank balance-sheet indicators …We find evidence of a bank lending channel for the euro area operating via bank risk. Financial innovation and the new …. We show that bank risk conditions, as perceived by financial market investors, need to be considered, together with the …

. - Bank risk ; monetary policy ; credit crisis …This paper investigates the relationship between short-term interest rates and bank risk. Using a unique database that …