This paper investigates the bank lending-channel of monetary policy (MP) surprises. To identify the effects of MP … this high-frequency identification strategy to comprehensive and matched bank-firm data from Brazil. The results are robust … across financial intermediaries, e.g. bank capital, are relevant. Firms connected to stronger banks mitigate about one third …

To deal with the deep recession since the asset bubble burst in the early 1990s, the Bank of Japan (BOJ) adopted … paper investigates the effects of QQE on regional bank lending in Japan. Although regional banks play an important role in … raise the annual inflation rate and end the prolonged deflation. Using half-yearly bank-level data from 2008 to 2020, this …