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Supervisory policy stimulus : evidence from the euro area dividend recommendation

Dautovic, Ernest; Gambacorta, Leonardo; Reghezza, Alessio - 2023

Persistent link: https://www.econbiz.de/10014322405

Supervisory policy stimulus : evidence from the euro area dividend recommendation

Dautovic, Ernest; Gambacorta, Leonardo; Reghezza, Alessio - 2023

Persistent link: https://www.econbiz.de/10014249684

Do macroprudential policies affect non-bank financial intermediation?

Claessens, Stijn; Cornelli, Giulio; Gambacorta, Leonardo; … - 2021

Persistent link: https://www.econbiz.de/10012483855

Supervisory policy stimulus : evidence from the euro area dividend recommendation

Dautovic, Ernest; Gambacorta, Leonardo; Reghezza, Alessio - 2023

At the onset of the Covid-19 outbreak, central banks and supervisors introduced dividend restrictions as a new policy instrument aimed at supporting lending to the real economy and strengthening banks' capacity to absorb losses. In this paper we estimate the impact of the ECB's dividend...