mechanism of the Eurosystem's credit support policies since the start of the crisis. First, we show that these policies have … indeed been successful in stimulating the credit flow of banks to the private sector. Second, we find support for the "bank … responded more to the credit support policies of the Eurosystem as a result of more favourable size, retail and liquidity …

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 … also suggest that price as well as non-price conditions and terms of credit standards do matter for credit and business …

order to escape the current combination of liquidity trap and credit crunch. It shortly discusses reasons for this measure …

This paper studies the relationships between inflation, economic activity, credit, monetary policy, and residential … significant responses to a monetary policy shock. Shocks to asset prices have a positive, significant effect on GDP and credit …

smooth transmission of credit to borrowers. While results from the years prior to the crisis often cast doubts on the … provision of credit. We show that new factors, such as changes in banks’ business models and market funding patterns, had …