Monetary policy transmission may be impaired if banks rebalance their portfolios towards securities. We identify the bank lending and risk-taking channels of monetary policy by exploiting – Italian's unique – credit and security registers. In crisis times, with higher ECB liquidity, less...

"New banking and investment business models to navigate the post-financial crisis environment. The financial crisis of 2007-2008 has discredited business models in the banking and fund management industries. In The Future of Finance, Moorad Choudhry and Gino Landuyt argue that banks must realign...

New banking and investment business models to navigate thepost-financial crisis environment The financial crisis of 2007-2008 has discredited businessmodels in the banking and fund management industries. In TheFuture of Finance, Moorad Choudhry and Gino Landuyt argue thatbanks must realign their...