bank-level dataset to assess at a quarterly frequency how changes in the U.S. Federal funds rate (before the crisis) and … the existence of a potent global bank lending channel. In response to changes in U.S. monetary conditions, U.S. banks … strongly adjust their cross-border claims in both the pre and post-crisis period. However, we also find that U.S. bank …

decrease investment. The effect of Treasury purchases is different: either positive or insignificant in most cases. Our results … to the economy through the bank lending channel …

the possible repercussions of changing the level of official interest rates is the ability to influence the size of bank … lending, by means of the bank lending channel. The key aspect our research is a thorough understanding of the functioning of … the bank lending channel, with the main goal of this study being an examination of the efficiency of monetary policy …

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 …

states with empirical evidence on the impact of monetary policy on bank lending. This work is based on individual bank … banks. The results indicate the existence of asymmetric adjustment of loan quantities with respect to specific bank … characteristics. Our findings indicate the existence of a functioning bank lending channel through small banks. This applies in the …

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 …

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

This paper studies the effects of harmonizing collateral policy in a monetary union. In 2007, the European Central Bank … in periphery countries. These firms in turn experience growth in employment and investment. Our results suggest that a …

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