This paper studies the effects of harmonizing collateral policy in a monetary union. In 2007, the European Central Bank … without such assets. The effect is driven by core banks increasing credit supply to riskier and less productive firms located …

This paper studies the effects of harmonizing collateral policy in a monetary union. In 2007, the European Central Bank … without such assets. The effect is driven by core banks increasing credit supply to riskier and less productive firms located …

The growth and deepening of financial markets entailed the expectation that the bank lending channel of monetary policy … transmission would lose its importance. The paper explains why, on the contrary, the banking sector has become a major locus of … analysed and simulated by using a simple standard macro model with an integrated banking system. A comparison of the efficiency …

This paper studies the transmission of bank capital shocks to loan supply in Indonesia. A series of theoretically … aggregate lending. Likewise, the effects of bank recapitalization on loan growth depend on banks' starting capital positions and …

Does central bank collateral policy contribute to financial market integration? We address this question by exploiting … that, in 2007, the European Central Bank replaced national collateral frameworks by a single list. Under the single list … regime, euro area banks could pledge all euro area bank loans as collateral, not only domestic loans as before the framework …

the period 2003Q1-2019Q4 with a special emphasis on credit conditions. With the help of this model, monetary policy … determining the relative weight of these states over time. We show that shocks to the credit spread and shocks to credit standards … directly lead to a reduction of real GDP growth, whereas shocks to the quantity of credit are less important in explaining …

the period 2003Q1–2019Q4 with a special emphasis on credit conditions. With the help of this model, monetary policy … determining the relative weight of these states over time. We show that shocks to the credit spread and shocks to credit standards … directly lead to a reduction of real GDP growth, whereas shocks to the quantity of credit are less important in explaining …

the period 2003Q1-2019Q4 with a special emphasis on credit conditions. With the help of this model, monetary policy … determining the relative weight of these states over time. We show that shocks to the credit spread and shocks to credit standards … directly lead to a reduction of real GDP growth, whereas shocks to the quantity of credit are slightly less important in …