financing instruments for banks and means of payment for bank customers implies spillover effects of bank lending. After a bank … finances loans with new deposits, the deposit holders' payments cause reserves and deposits to flow from the lending bank to … that generate respectively strategic complementarity and strategic substitution in banks' lending decisions. We model bank …

How does uncertainty affect the costs of raising finance in the bond market and via bank loans? Empirically, this paper … finds that heightened uncertainty is accompanied by an increase in corporate bond yields and a decrease in bank lending …

stress, the central bank should be aggressive when applying credit easing policies …

, the central bank should be aggressive when applying credit easing policies …

Deposits finance bank lending and serve as means of payment for bank customers. Under uncertain payment flows, deposits … payment risk on bank lending, bridging the literatures on payment systems and credit supply. An interquartile increase in … dampens the bank lending channel of monetary policy transmission …

Bank of the Republic of Macedonia (NBRM), which is complemented with data from banks' balance sheets. By using pooled OLS …, although the effect is relatively small. The results prove to be robust after controlling for several bank, loan and time …