After the global financial crisis and during the European sovereign debt crisis, bank lending to companies in the euro … Central Bank (ECB) quantitative easing programme in early 2015 that bank lending improved sustainably. This study analyses the …

After the global financial crisis and during the European sovereign debt crisis, bank lending to companies in the euro …’s quantitative easing programme in early 2015 that bank lending improved sustainably. The study analyses the impact of the ECB …’s Public Sector Purchase Programme (PSPP) on the access to finance of small and medium sized enterprises (SME) using firm …

Central Bank's policy-rate cuts in mid-2014. The pass-through of the rate cuts to banks' funding costs differs across the euro … provide a simple model of an augmented bank balance-sheet channel where in addition to costly external financing, there is …

how the transmission depends on bank balance sheets, and how this changes once policy rates become negative. We review the …

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

Central Bank's policy-rate cuts in mid-2014. The pass-through of the rate cuts to banks' funding costs differs across the euro … provide a simple model of an augmented bank balance-sheet channel where in addition to costly external financing, there is …

We provide evidence on the effect of the slope of the yield curve on economic activity through bank lending. Using … rates) boosts bank profits and the supply of bank loans. Intuitively, a higher term premium represents greater expected … profits on maturity transformation, which is at the core of banks' business model, and therefore incentivizes bank lending …

Central Bank’s policy-rate cuts in mid-2014. The pass-through of the rate cuts to banks’ funding costs differs across the euro … provide a simple model of an augmented bank balance-sheet channel where in addition to costly external financing, there is …