on the role of banks for monetary transmissions. A bank-based corporate financing friction is introduced and the relative …

capture differences in credit market integration by variations in the cost for banks to grant credit for cross …

In this paper, we analyse a relationship between net interest margin (NIM) of EU banks and market interest rates in a … low-interest rate environment. We contribute to the literature when examining a large sample of annual data on 629 banks … investigated banks. Second, a higher market concentration, proxied by the Herfindahl index, leads to higher NIM. Finally, we show a …

Banks are compensated primarily through the net interest margin (NIM), which is the difference between the interest … environment that has persisted since the Great Recession, banks can no longer lower the short-term rates paid to their depositors …. The loan losses suffered by many banks due to the financial crisis, coupled with the low interest rate environment during …

, not defined in a market, but by the collateral frameworks and interest rate policies of central banks. Using the …

We show that negative monetary policy rates induce systemic banks to reach-for-yield. For identification, we exploit … the 26 largest euro area banking groups. Banks with more customer deposits are negatively affected by negative rates, as … higher returns. Effects are stronger for less capitalized banks, private sector (financial and non-financial) securities and …

As the euro area has a predominantly bank-based financial system, changes in the composition and strength of banks … developments in banks’ balance sheets, profitability and risk-bearing capacity and analyses their relevance for monetary policy. We …

We provide new evidence on the bank lending channel of monetary policy using bank-level data of 440 banks from eleven … CEE transition economies between 1998 and 2012. Our findings are: i) banks adjust their loans to changes in host country …’s monetary policy, ii) foreign-owned banks are less responsive to monetary policy of a host country than domestic-owned banks in …

This paper studies the extent to which monetary policy may affect banks' perception of credit risk and the way banks … indicators on banks' risk weights for credit risk. We present robust evidence of the existence of the risk-taking channel in the … possible side-effects of monetary policy on how banks measure risk. …

The aim of the paper is to discuss key challenges facing central banks due to evolution of payment systems. The author … banks in national payment systems, namely their role as operators, oversight authorities and catalysts. The second question … results of the author’s survey, which was conducted among central banks of eleven countries. The research leads to the …