Switzerland. For identification, we compare changes in the behavior of banks that had different fractions of their central bank …

policies of the European Central Bank since the Global Financial Crisis, mainly in their effectiveness towards bank lending …. Using a variable for newly issued credit instead of the outstanding stock of credit, the effects on bank lending are smaller …

indeed been successful in stimulating the credit flow of banks to the private sector. Second, we find support for the "bank … effect). The role of bank capital is, however, ambiguous. Besides the above favorable direct effect on loan supply, lower … levels of bank capitalization at the same time mitigate the size, retail and liquidity effects of the policies. The drag on …

indeed been succesful in stimulating the credit flow of banks to the private sector. Second, we find support for the "bank … effect). The role of bank capital is, however, ambiguous. Besides the above favorable direct effect on loan supply, lower … levels of bank capitalization at the same time mitigate the size, retail and liquidity effects of the policies. The drag on …

contractionary impact on bank loan supply. As the newly created excess reserves are heterogeneously distributed across euro area … countries, the impact of QE on bank loan supply may differ across countries. Moreover, we derive implications for monetary … policy implementation. Increases in the central bank's main refinancing rate as well as in the minimum reserve ratio and …

how the transmission depends on bank balance sheets, and how this changes once policy rates become negative. We review the …

that well-functioning credit markets would reflect a bank channel for monetary policy at work, we test whether a change in … and the associated change in interest rate does not affect change in bank credit, change in total debt and the proportion … of bank credit in total debt for any of the firms. We discuss the policy implications of the findings. …

What is the impact of negative interest rates on bank lending and risk-taking? To answer this question we study the … changes in lending policies using the Euro area Bank Lending Survey and the Spanish Credit Register. Banks whose net interest …