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When banks hold back : credit and liquidity provision

Altavilla, Carlo; Rostagno, Massimo; Schumacher, Julian - 2025

Banks are reluctant to tap central bank backup liquidity facilities and use the borrowed funds for loans to the real … bank offers liquidity liberally but on non-concessionary conditions improves over a pure laissez-faire arrangement, where … asset liquidation in the marketplace is the only source of emergency liquidity. But under LOLR banks remain reluctant to …

Persistent link: https://www.econbiz.de/10015179817

Anchoring QT : liquidity, credit and monetary policy implementation

Altavilla, Carlo; Rostagno, Massimo; Schumacher, Julian - 2023

Persistent link: https://www.econbiz.de/10014419150

Inflation Forecasts, monetary policy and unemployment dynamics : evidence from the US and the euro area

Altavilla, Carlo (contributor); … - 2007

This paper explores the role that inflation forecasts play in the uncertainty surrounding the estimated effects of alternative monetary rules on unemployment dynamics in the euro area and the US. We use the inflation forecasts of 8 competing models in a standard Bayesian VAR to analyse the size...

Persistent link: https://www.econbiz.de/10003422691

Climate risk, bank lending and monetary policy

Altavilla, Carlo; Boucinha, Miguel; Pagano, Marco; … - 2023

Persistent link: https://www.econbiz.de/10014394228

Climate risk, bank lending and monetary policy

Altavilla, Carlo; Boucinha, Miguel; Pagano, Marco; … - 2023

Persistent link: https://www.econbiz.de/10014383622

Climate risk, bank lending and monetary policy

Altavilla, Carlo; Boucinha, Miguel; Pagano, Marco; … - 2024

Combining euro-area credit register and carbon emission data, we provide evidence of a climate risk-taking channel in banks' lending policies. Banks charge higher interest rates to firms featuring greater carbon emissions, and lower rates to firms committing to lower emissions, controlling for...

Persistent link: https://www.econbiz.de/10015160646

Monetary and macroprudential policy complementarities : evidence from European credit registers

Altavilla, Carlo; Laeven, Luc; Peydró, José-Luis - 2021

Persistent link: https://www.econbiz.de/10012819373

Monetary policy and bank profitability in a low interest rate environment

Altavilla, Carlo; Boucinha, Miguel; Peydró, José-Luis - 2017

We analyse the impact of standard and non-standard monetary policy measures on bank profitability. For empirical identification, the analysis focuses on the euro area, thereby exploiting substantial bank and country heterogeneity within a monetary union where the central bank has implemented a...

Persistent link: https://www.econbiz.de/10011732734

Monetary and macroprudential policy complementarities : evidence from European credit registers

Altavilla, Carlo; Laeven, Luc; Peydró, José-Luis - 2021

Persistent link: https://www.econbiz.de/10012822129

Banking supervision, monetary policy and risk-taking : big data evidence from 15 credit registers

Altavilla, Carlo; Boucinha, Miguel; Peydró, José-Luis; … - 2019

Persistent link: https://www.econbiz.de/10012197513