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

Eurozone for a sample of 11 euro area countries over the period 2003M1-2011M12. Considering two harmonized bank retail rates … monetary policy transmission. Findings based on a panel ECM approach and a panel interaction VAR framework indicate that …

Eurozone for a sample of 11 euro area countries over the period 2003M1-2011M12. Considering two harmonized bank retail rates … monetary policy transmission. Findings based on a panel ECM approach and a panel interaction VAR framework indicate that …

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

Bank of the Republic of Macedonia (NBRM), which is complemented with data from banks' balance sheets. By using pooled OLS … Macedonia. For this purpose we use a rather unique database of corporate loans, taken from the Credit Registry of the National …, although the effect is relatively small. The results prove to be robust after controlling for several bank, loan and time …

We compare the Federal Reserve's asset purchase programs with those implemented by the Bank of England and the Swedish … Riksbank, and the Swiss National Bank’s reserve expansion program. We decompose government bond yields into (i) an expectations …