This study examines empirically the information content of the euro area Bank Lending Survey for aggregate credit and … output growth. The responses of the lending survey, especially those related to loans to enterprises, are a significant … results are supportive of the existence of a bank lending, balance sheet, and risk-taking channel of monetary policy. They …

This study examines empirically the information content of the euro area Bank Lending Survey for aggregate credit and … output growth. The responses of the lending survey, especially those related to loans to enterprises, are a significant … results are supportive of the existence of a bank lending, balance sheet, and risk-taking channel of monetary policy. They …

This study examines empirically the information content of the euro area Bank Lending Survey for aggregate credit and … output growth. The responses of the lending survey, especially those related to loans to enterprises, are a significant … results are supportive of the existence of a bank lending, balance sheet, and risk-taking channel of monetary policy. They …

Business cycles imply liquidity risks for banks. This paper explores how these risks influence bank lending over the … cycle. With forward-looking banks, lending cycles, credit booms and busts, or suppressed and highly fragile bank systems can … unpleasant effects on bank lending. Imposing countercyclical capital adequacy ratio may amplify procyclicality or result in …

We show that nonbanks (funds, shadow banks, fintech) affect the transmission of monetary policy to output, prices and …, borrowerlender relationships and Gertler-Karadi monetary policy shocks. Higher policy rates shift credit supply from banks to …

In 1936-37, the Federal Reserve doubled the reserve requirements imposed on member banks. Ever since, the question of … fundamental reserve demands of Fed member banks, we find that despite being doubled, reserve requirements were not binding on bank …

increase banks' reserve demand or contract lending because reserve requirements were not binding for most banks. Aggregate …In 1936-37, the Federal Reserve doubled member banks' reserve requirements. Friedman and Schwartz (1963) famously … recession of 1937-38. Using a new database on individual banks, we show that higher reserve requirements did not generally …