Do borrowers demand less credit from banks with weak balance sheet positions? To answer this question we use novel bank …-specific survey data matched with confidential balance sheet information on a large set of euro area banks. We find that, following a … origination of unconventional monetary policies using survey responses on the exposure of individual banks to quantitative easing …

purchases of firms and a withdrawal of short term funds from banks, impacting firm financing costs directly via bond markets …, and indirectly via banks. According to our results, the spreads of corporate bonds held by investment funds increased … euro area firms. Overall, our results show that while non-banks in general support firm financing by acting as a spare tyre …

. The increase in lending was not accompanied by excessive risk-taking, especially for banks with low intermediation margin …

We use a confidential euro area bank-level data set of close to 250 banks to assess outward and inward spillovers of … unconventional monetary policies on bank lending. We find that euro area banks increase lending to the rest of the world in response … to non-standard ECB monetary policy accommodation. We also find strong evidence that euro area banks increase lending to …

In this paper we build a unique dataset to study how banks decide which firms to lend to and how this decision depends … on their own situation and the characteristics of their borrowers. We find that weaker capitalised banks adjust their … credit standards more than healthier banks, especially for firms with a higher default risk. We also show how credit …

How a historic drop in bank deposits shapes banks' loan supply? We exploit the effects of a large, and unexpected … includes all bank-firm lending relationships in all euro area countries. We find that banks experiencing large deposit outflows … is stronger for fixed rate and longer maturity loans, but not for riskier borrowers. The effect is mostly driven by banks …

Empirical research suggests that lower interest rates induce banks to take higher risks. We assess analytically what …