interest margin (NIM) and its components, retail lending and retail deposit rates. Using two proprietary bank-level data sets … market rates. As low profitability could hamper the ability of banks to expand lending, I also investigate the impact of the … NIM on new lending to the non-financial private sector. In general, the NIM is positively related to lending: When lending …

how the transmission depends on bank balance sheets, and how this changes once policy rates become negative. We review the … a zero lower bound. We summarize existing work on the impact of negative rates on banks' lending and securities …

European bank equity values - an effect that is normally positive - has become negative since interest rates in the euro area …

This study considers the pass-through of different ECB monetary policy measures to bank corporate lending rates of … transmission of monetary policy to bank lending rates appears to have become less efficient below zero, particularly in the case of … below zero or held significant amounts of negative interest-bearing central bank deposits. We see a reversal in the pass …

to central banks' asset-purchase programs reduce their lending to the real economy by more than their counterparts. When …-area syndicated lending data and the German credit registry, we provide evidence that deposit-reliant banks with relatively higher … funding costs and greater exposure to large-scale asset purchases reduce corporate lending relatively more, have lower stock …