that well-functioning credit markets would reflect a bank channel for monetary policy at work, we test whether a change in … and the associated change in interest rate does not affect change in bank credit, change in total debt and the proportion … of bank credit in total debt for any of the firms. We discuss the policy implications of the findings. …

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 …

firm-bank data in a difference-in-differences setting with sample selection adjustment, the authors find a short … with access to bank credit prior to Basel III implementation could have been affected less than firms that were initially … on the fringes of financial inclusion-firms with only a bank account. The paper fails to find any additional …