cooperative banks as well as through individual loan portfolios, while distinguishing between the fact that they were granted by … commercial and cooperative banks. How a change in the central bank's interest rates may determine a change in the volume of loans …

In this paper we build a unique dataset to study how banks decide which firms to lend to and how this decision depends … on their own situation and the characteristics of their borrowers. We find that weaker capitalised banks adjust their … credit standards more than healthier banks, especially for firms with a higher default risk. We also show how credit …

banks operate under a structural liquidity surplus. The model shows that increasing excess reserves have no or even a … 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 management during normal times, crisis times and times of too low in …

Liquidity plays an important role in explaining how banks determine their allocation of funds. This paper analyses … whether this fact can explain the term structure of interest rates and yield spreads. The paper models banks' demand for … liquidity in a manner similar to that used to study household need for liquidity, namely, by using a cash-in-advance type model …

apply negative interest rates to corporate deposits. The results suggest that banks that are highly exposed to the negative … deposit rates. Furthermore, I examine whether banks adjusted their fee and commission strategy during the NIRP period and if … they do what characterises those banks. My results show that banks adjusted their strategy in deposit business with …

fighting surplus liquidity, caveats and future research directions are also discussed. Originality/value - By using a plethora …

reputation of central banks. Thus, central banks should not try to bring inflation back to the targeted level of 2%. Rather, they … central banks come from their additional mandates (beyond price stability) and populist politics. …