should reduce problems with non-performing loans. The effects of QE on bank profitability are therefore not one directional … their net interest income, but they have also acknowledged its positive impact on capital gains (ECB Bank Lending Survey …). Lending-deposit spreads for new lending have fallen significantly. Looking at actual bank profits, net interest income has …

inefficiency, we stress the presence of risk premia in the international financial market and the role of central bank intervention. …

Reacting to extreme uncertainty conditions caused by the global financial crisis, the European Central Bank implemented … countercyclical strategy, combining conventional and non-traditional monetary policy tools to stabilize financial markets and euro … area economies. We study the impact of the euro area monetary authority policy interventions on equity returns of four …

This paper analyses the impact of central bank interven-tions in the inflation targeting regime. The results of … rate, a central bank may decide to mush instability on the foreign exchange market with foreign exchange interventions …. Namely, through foreign exchange interven-tions, the central bank greatly absorbs the depreciation shock and, consequently …

In its response to the economic and financial crises of 2008, the sovereign debt and euro crisis of 2010-2015, and the … COVID-19 pandemic of 2020-2023, the European Central Bank (ECB) implemented an unconventional monetary policy aimed at …