, we show that the economic impact of changes in bank capital requirements depends on the state of the macro …, the impact on bank loan supply works through a "pricing channel" which is small: around 0.1% less loans for a 1pp increase …

question, I use firm-level data and firm-bank linkages to estimate the causal effect of an imported lending cut from a large … German bank on firms' capital structure and real outcomes. The estimates imply that for every 1 euro reduction in debt …

resultant credit restriction by turning to other banks. Importantly the bank-lending channel is notably stronger when we account …

this policy through banks. This paper examines the role of bank liquidity, capitalization and market power as internal … monetary policy change on bank performance is also considered. The empirical analysis, using large panel datasets for the … rates by disaggregating down to the individual bank level. This is achieved by the use of a Local GMM technique that also …

The banking system is modeled in a closed system of financial accounts, whereby the equilibrium volume of bank … facility rate of the central bank. The model also allows understanding the link between this difference (the width of the … central bank standing facilities corridor) and the stance of monetary policy, and how this link changes during a financial …

We show that negative policy rates affect the supply of bank credit in a novel way. Banks are reluctant to pass on … low-deposit banks. As a consequence, the introduction of negative policy rates by the European Central Bank in mid-2014 …

sector health. Based on granular bank-firm data pertaining to small and medium-sized enterprises (SME) from five stressed and …

trends. When shocks hit their pro ts, banks tend to adjust retained earnings to smooth dividends. This generates bank equity …