conceptualize the importance of collateral ? (b) how can the analytical integration of geographies of collateralized bank funding … contribute to the political economy of bank-based crisis interventions? (c) what are the political and institutional implications … at odds with bank-based liquidity injections (LTROs) that implicitly rely on private banks to preserve the role of …

This paper studies bank loan pricing in the euro area over the period October 2008 to October 2014. This period was … of a novel econometric approach whereby bank risk aversion is treated as an unobservable random effect. We find that … offer lower bank lending rates. We also find that banks with a lower cost of debt financing offer lower lending rates. Our …