period. The sensitivity of credit supply to monetary shocks is not related to the bank characteristics generally used in the …Using a large database of bank financial statements, this paper investigates the determinants of the bank lending … channel (BLC) of monetary transmission in Brazil between 1995 and 2012. I extend the standard empirical approach in two main …

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 …