We analyze the root causes of the current crisis by studying the determinants of bank lending standards in the Euro … Area using the answers from the confidential Bank Lending Survey, where national central banks request quarterly …-term interest rates on bank risk-taking, even when we instrument securitization. Moreover, short-term rates – directly and in …

Using a unique dataset of the Euro area and the U.S. bank lending standards, we find that low (monetary policy) short … securitization activity, weak supervision for bank capital and too low for too long monetary policy rates. Conversely, low long … origins of the crisis and have important policy implications. - Lending standards ; monetary policy ; securitization ; bank …

Using a unique dataset of the Euro area and the U.S. bank lending standards, we find that low (monetary policy) short … securitization activity, weak supervision for bank capital and too low for too long monetary policy rates. Conversely, low long …

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