hampered the smooth transmission of accommodative monetary policy. Using bank level data from 2007 to 2015, we directly measure … bank in the same month for loans to small and large firms (the "Small Firm Financing Premium", SFFP). We assess the role … played by both bank and macroeconomic factors in explaining the variation in the SFFP across countries and through time. We …

behavior of credit by public banks; especially Caixa Econômica Federal and Banco do Brasil. While the growth of banking credit …

This occasional paper explains why the bank lending survey was developed by the ECB and describes its main features. It … discusses the importance of credit developments for both the economy and the functioning of monetary policy, and further … clarifies why the survey was introduced. Furthermore, the paper demonstrates that the value added of implementing a bank lending …

the supply side of bank lending. The financial turmoil starting in mid-2007 had detrimental consequences for banks … examines the impact of supply constraints on bank lending in the euro area with a special focus on this turmoil period. The … empirical evidence presented suggests that banks’ ability and willingness to supply loans affects overall bank lending activity …

evidence for the existence of a bank lending channel of monetary policy transmission in the euro area. In addition, and in … contrast to recent findings for the US, we find that in the euro area changes in the supply of credit, both in terms of volumes … and in terms of credit standards applied on loans to enterprises, have significant effects on real economic activity. This …

This study examines empirically the information content of the euro area Bank Lending Survey for aggregate credit and … leading indicator for euro area bank credit and real GDP growth. Notwithstanding the short history of the survey, the findings … results are supportive of the existence of a bank lending, balance sheet, and risk-taking channel of monetary policy. They …

indeed been successful in stimulating the credit flow of banks to the private sector. Second, we find support for the "bank … mechanism of the Eurosystem's credit support policies since the start of the crisis. First, we show that these policies have … effect). The role of bank capital is, however, ambiguous. Besides the above favorable direct effect on loan supply, lower …

the central bank is passed on to the financial sector. The other important difference refers to the typical relationship … sector. In Germany, the central bank has a stronger influence on the financial sector than in England, while, for systemic …