Evidence on the effects of negative interest rates on bank lending is inconclusive so far. By applying a difference …-in-difference estimation using granular loan level data with a large coverage from Austria, I show, contrary to some previous findings, that … the introduction of a negative deposit facility rate by the European Central Bank led to an increased credit supply by …

address the following questions. How are macroeconomic shocks transmitted to bank risk and other banking variables? What are … the sources of bank heterogeneity, and what explains differences in individual banks’ responses to macroeconomic shocks …? Our paper has two main findings: (i) Average bank risk declines, and average bank lending increases following expansionary …

this policy through banks. This paper examines the role of bank liquidity, capitalization and market power as internal … monetary policy change on bank performance is also considered. The empirical analysis, using large panel datasets for the … rates by disaggregating down to the individual bank level. This is achieved by the use of a Local GMM technique that also …

the change in eligibility criteria for collateral in central bank refinancing operations. Our results show that market … observe a broad-based flight to liquidity. The European Central Bank's unconventional monetary policy had a strong impact on …

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

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

We analyze the impact of quantitative easing by the Federal Reserve, European Central Bank and Bank of England on cross … and UK, respectively. In general QE works at short maturities across bank locations and loan currencies, more strongly for …

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

and deposit facility rate for bank investments among loans, government securities and cash deposited in central banks. Our … results highlight that unconventional policies represent the driving force for bank credit in times of financial distress as … the standard macroeconomic and bank-specific factors could affect banks’ incentives adversely in such times. We …