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 …

While banks may change their credit supply due to bank balance-sheet shocks (the local lending channel), firms can … identify the aggregate (firm-level) effects of the lending channel and estimate the impact of banks' ability to securitize real …

During the global financial crisis, European banks contracted foreign claims on recipient economies sharply. This paper …

This paper analyses the impact of loan market competition on the interest rates applied by euro area banks to loans and … bank interest rates, we likewise find that banks tend to price their loans more in accordance with the market in countries … heavier in the loan market than in the deposit markets, so that banks compensate for their reduction in loan market income by …