Narrow search
Showing 1 - 10 of 12,864
Cover Image
Monetary policy, credit institutions and the bank lending channel in the euro area
Altavilla, Carlo; Andreeva, Desislava Č.; Boucinha, Miguel - 2019
As the euro area has a predominantly bank-based financial system, changes in the composition and strength of banks’ balance sheets can have very sizeable implications for the transmission of monetary policy. This paper provides an overview of developments in banks’ balance sheets,...
Persistent link: https://www.econbiz.de/10012009071
Cover Image
The impact of quantitative easing on bank loan supply and monetary policy implementation in the euro area
Horst, Maximilian; Neyer, Ulrike - 2019
In March 2015, the Eurosystem launched its QE-programme. The asset purchases induced a rapid and strong increase in excess reserves, implying a structural liquidity surplus in the euro area banking sector. Against this background, the first part of this paper analyses the Eurosystem's liquidity...
Persistent link: https://www.econbiz.de/10012099037
Cover Image
Bank Lending and Monetary Transmission in the Euro Area
De Santis, Roberto A. - 2013
To what extent does the availability of credit depend on monetary policy? And, does this relationship vary with bank …
Persistent link: https://www.econbiz.de/10013078975
Cover Image
"Banking systems in the euro zone and transmission of monetary policy"
Fernández Fernández, José Alejandro - In: Central Bank review / Central Bank of the Republic of Turkey 24 (2024) 1, pp. 1-24
in the transmission of monetary policy within the credit channel. …
Persistent link: https://www.econbiz.de/10014518532
Cover Image
Determinants of lending activity in the Euro area
Behrendt, Stefan - 2016
Empirical estimations of the drivers for loan extension mainly apply the outstanding stock of bank credit as the … and securitisation activity. This paper specifically applies a variable of new credit extensions for eight Euro area … countries in a simultaneous equation panel model to evaluate potential determinants for credit extension, and compares the …
Persistent link: https://www.econbiz.de/10011562650
Cover Image
The Broad Credit and Bank Capital Channels of Monetary Policy Transmission in the Core and Peripheral Euro Area
Dajčman, Silvo - 2018
The goal of the paper is to identify and estimate transmission of monetary policy impulses through the broad credit and … domestic product (GDP), inflation, and volume of loans. The results imply that channels are interrelated and the broad credit …
Persistent link: https://www.econbiz.de/10012929982
Cover Image
Financial systems and the role of banks in monetary policy transmission in the euro area
Ehrmann, Michael; Gambacorta, Leonardo; Martínez … - 2001
ergibt, dass die Geldpolitik das Bankkreditangebot beeinflußt, wobei die Stärke dieses Effekts über Banken in Abhängigkeit …
Persistent link: https://www.econbiz.de/10011419463
Cover Image
Informing macroprudential policy choices using credit supply and demand decompositions
Barbieri, Claudio; Couaillier, Cyril; Perales, Cristian; … - 2022
credit growth is used to capture cyclical exuberance and calibrate buffer requirements, it depends on potentially … heterogeneous dynamics on the borrower and lender sides. By decomposing credit growth into a common component and components … capturing heterogeneity in supply and demand à la Amiti and Weinstein, 2018 applied on the euro area credit register ("AnaCredit …
Persistent link: https://www.econbiz.de/10013332880
Cover Image
Euro Area Banks’ Market Power, Lending Channel and Stability : The Effects of Negative Policy Rates
Altunbas, Yener; Avignone, Giuseppe; Kok, Christoffer; … - 2023
This paper investigates to what extent the introduction of negative monetary policy rates altered competitive behaviour in the euro area banking sector. Specifically, it analyses the effect that negative policy rates had on euro area banks’ market power in comparison to banks that have not...
Persistent link: https://www.econbiz.de/10014257207
Cover Image
Monetary policy transmission to mortgages in a negative interest rate environment
Amzallag, Adrien; Calza, Alessandro; Georgarakos, Dimitris - 2019
Do negative policy rates hinder banks' transmission of monetary policy? To answer this question, we examine the behaviour of Italian mortgage lenders using a novel loan-level dataset. When policy rates turn negative, banks with higher ratios of retail overnight deposits to total assets charge...
Persistent link: https://www.econbiz.de/10011975610