We show that negative monetary policy rates induce systemic banks to reach-for-yield. For identification, we exploit … the 26 largest euro area banking groups. Banks with more customer deposits are negatively affected by negative rates, as … higher returns. Effects are stronger for less capitalized banks, private sector (financial and non-financial) securities and …

mortgage tax from being levied on borrowers to being levied on banks; (ii) some areas, for historical reasons, were exempt from … smaller number of lending relationships, not working for the lender, or facing less banks in their zip-code, thereby …-full tax pass-through, the tax shift increases banks’ risk-taking. More affected banks reduce costly mortgage insurance in case …

We show that negative monetary policy rates induce systemic banks to reach-for-yield. For identification, we exploit … the 26 largest euro area banking groups. Banks with more customer deposits are negatively affected by negative rates, as … higher returns. Effects are stronger for less capitalized banks, private sector (financial and non-financial) securities and …

We show that negative monetary policy rates induce systemic banks to reach‐for‐yield. For identification, we exploit … the 26 largest euro area banking groups. Banks with more customer deposits are negatively affected by negative rates, as … higher returns. Effects are stronger for less capitalized banks, private‐sector (financial and nonfinancial) securities and …

banks) in the U.S. corporate loan market. For identification, we exploit a supervisory credit register of syndicated loans … Basel III. We find that less-capitalized banks reduce loan retention, particularly among loans with higher capital …

platform. Each application goes to all banks. We find that borrower and bank factors are equally strong in causing and … explaining loan acceptance. For pricing, borrower factors are instead stronger. Moreover, banks supplying less credit accept …

Do media slant news in favor of the banks they borrow from? We study how lending connections affect news coverage of … banks earnings reports and of the Eurozone sovereign debt crisis on major newspapers from several European countries. We … find that newspapers cover announcements by their lenders - relative to those of other banks - significantly more when they …

We show that nonbanks (funds, shadow banks, fintech) affect the transmission of monetary policy to output, prices and …, borrowerlender relationships and Gertler-Karadi monetary policy shocks. Higher policy rates shift credit supply from banks to …

dollar credit supply to non-US firms (relative to banks), mitigating the dollar credit reduction. This increase is stronger … funding, relative to banks. In sum, despite increased risk-taking by less regulated and more fragile nonbanks (relative to … banks), access to nonbank credit reduces the volatility in capital flows-and associated economic activity-stemming from US …

loan rates, especially for banks with more access to international wholesale markets. Effects are also important for other …