How does the expansion of domestic banks in international markets affect the bank lending channel of monetary policy …? Using bank-firm loan-level data, we find that loan growth and loan rates from international banks respond less to monetary … policy. Banks with a large international presence tend to tolerate more their credit risk exposition relative to domestic …

crisis, in a context of financial market stress and weak bank balance sheets, unconventional monetary policy measures have …As the euro area has a predominantly bank-based financial system, changes in the composition and strength of banks … non-standard measures were successful in stimulating lending and which bank business models were more strongly affected …