covers the euro area, Sweden, and the United Kingdom and the period 1992Q4-2014Q2. We find that while all three central banks …

liquid banks slow down lending less after a surge in uncertainty. Lending by smaller banks is also less responsive to … increases in uncertainty, which points to an increased importance of bank-customer relationships. The heterogeneity across banks …

This paper studies the extent to which monetary policy may affect banks' perception of credit risk and the way banks … indicators on banks' risk weights for credit risk. We present robust evidence of the existence of the risk-taking channel in the … possible side-effects of monetary policy on how banks measure risk. …