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

via the Fed balance sheet. Using bank-level data, we shed light on the role of leverage of banks for the transmission of …

This paper studies the effects of harmonizing collateral policy in a monetary union. In 2007, the European Central Bank …

Central Bank’s policy-rate cuts in mid-2014. The pass-through of the rate cuts to banks’ funding costs differs across the euro … provide a simple model of an augmented bank balance-sheet channel where in addition to costly external financing, there is …

The paper examines the bank lending activities of banks in a low interest rate environment. External financing of small …- and medium-sized enterprises in the euro area primarily takes place via bank loans and not through capital markets. Based … on the Bankscope database, bank balance sheet data is utilized. Control variables are included, such as for the system of …

We analyze the impact of quantitative easing by the Federal Reserve, European Central Bank and Bank of England on cross … and UK, respectively. In general QE works at short maturities across bank locations and loan currencies, more strongly for …

Exploiting a granular dataset of banks' security holdings I assess the impact of unconventional monetary policy on bank … bank constant at its level in January 2014, well in advance of an anticipation of the ECB's asset purchase program (APP … data on bank-specific TLTRO uptakes, my results do not seem to be driven by alternative, liquidity-driven transmission …

approach. We find that although the standard bank lending channel as well as the recently formulated risk-pricing channel …

This paper studies the impact of unconventional monetary policy on bank lending and security holdings. I exploit …- yielding credit portfolio. Making use of data on bank-specific TLTRO uptakes, my results do not seem to be driven by …