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

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 …

interest margin (NIM) and its components, retail lending and retail deposit rates. Using two proprietary bank-level data sets …

In June 2014 the ECB became the first major central bank to lower one of its key policy rates to negative territory … by using individual bank data for the euro area to identify possible adjustments by banks triggered by the introduction … of negative interest rates through three channels: government bond holdings, bank lending, and wholesale funding. We find …

Evidence on the effects of negative interest rates on bank lending is inconclusive so far. By applying a difference … the introduction of a negative deposit facility rate by the European Central Bank led to an increased credit supply by …

decrease. Using administrative data from Germany, we uncover that among banks selling their securities, central-bank reserves …

This study considers the pass-through of different ECB monetary policy measures to bank corporate lending rates of … transmission of monetary policy to bank lending rates appears to have become less efficient below zero, particularly in the case of … below zero or held significant amounts of negative interest-bearing central bank deposits. We see a reversal in the pass …

deposits tends to be floored at zero, which limits the typical transmission of policy rate cuts to bank funding costs. We … risk taking by banks under NIRP and contrasts results that associate NIRP with a contraction in bank loans. Broader … holdings for the effectiveness of NIRP, pointing to a strong complementarity of NIRP with central bank liquidity injections, e …