As the euro area has a predominantly bank-based financial system, changes in the composition and strength of banks … developments in banks’ balance sheets, profitability and risk-bearing capacity and analyses their relevance for monetary policy. We …

, borrowerlender relationships and Gertler-Karadi monetary policy shocks. Higher policy rates shift credit supply from banks to …We show that nonbanks (funds, shadow banks, fintech) affect the transmission of monetary policy to output, prices and … the distribution of risk via credit supply. For identification, we exploit exhaustive US loan-level data since the 1990s …

uncollateralized credit. We find that this kind of policy is more successful in suppressing equity price swings than moderating output …

capture differences in credit market integration by variations in the cost for banks to grant credit for cross …This paper shows that currency arrangements impact on credit available through default incentives. To this end we build … a symmetric two-country model with money and imperfect credit market integration. With the Euro Area context in mind, we …

Based on the consolidated statements data of the universal/commercial banks (UKbank) and non-bank financial … institutions with quasi-banking licenses, this paper presents a keen necessity of obtaining data in detail on both sides (assets …/anticipated financial system in the banking/non-bank financial institutions' real operations. …

quantitative theory consistent with these empirical observations, banks' lending market power is determined in equilibrium and is a … novel channel of monetary policy. At low inflation, banks tend to extract higher markups from existing loan customers rather … than competing for additional loans. As a result, banking activity need not be welfare-improving if inflation is …

the shutdown moments. As a result, indicators of systemic risks in the banking sector during the pandemic remained …

We use a unique data set that comprises each bank’s bids in the Eurosystem’s main refinancing operations and its … recourse to the LOLR facility (a) to derive banks’ willingness-to-pay for liquidity through a one-week repo and (b) to show … that a bank’s willingness-to-pay is a good indicator for the probability that this bank draws on the LOLR facility. Our …

-interest rate environment, which fundamentally changed the business environment for the Japanese commercial banks. On the income … side, with interest margins becoming increasingly depressed, net interest revenues declined, which forced the banks to … expand revenues from fees and commissions. The banks had to cut costs by reducing the number of employees, closing branches …

the 26 largest euro area banking groups. Banks with more customer deposits are negatively affected by negative rates, as …We show that negative monetary policy rates induce systemic banks to reach-for-yield. For identification, we exploit … higher returns. Effects are stronger for less capitalized banks, private sector (financial and non-financial) securities and …