We assess the impact of negative central bank interest rates on venture capital (VC) markets. Using data from 32 …

In this study, I analyze the heterogeneous dynamics of the bank risk-taking channel of monetary policy under different … environment exhibits heterogeneity across different bank business models. In addition, I find that the heterogeneity lies in the …

insufficient collateral compounded the effects of dangerously high leverage and resulted in undercapitalization and excessive risk …

This paper studies the effects of harmonizing collateral policy in a monetary union. In 2007, the European Central Bank … replaced national collateral lists with a single list specifying which assets euro area banks can pledge as collateral. Banks … harmonized collateral framework facilitates cross-border lending to borrowing-constrained firms and, thereby, increases financial …

This paper studies the effects of harmonizing collateral policy in a monetary union. In 2007, the European Central Bank … replaced national collateral lists with a single list specifying which assets euro area banks can pledge as collateral. Banks … harmonized collateral framework facilitates cross-border lending to borrowing-constrained firms and, thereby, increases financial …

widespread stress, with adverse affects on bank intermediation thereafter. We discuss the bank capital and the bank funding … conclude by discussing the increasing extension of bank credit lines to non-bank financial intermediaries, as well as the role …

We model entrepreneurial finance using a combination of fiat money, traditional bank loans, and home equity loans. The … banking sector is over-the-counter, where bargaining determines the pass-through from the nominal interest rate to the bank … housing is accepted as collateral. A calibration to the U.S. economy supports the theoretical results and provides novel …

provided collateralized loans, the other collateral upgrades. These facilities alleviated dealers' funding pressures when … access to repos backed by illiquid collateral deteriorated. The ability to upgrade collateral, in particular, allowed dealers …