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

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

assesses the effect of the NIRP on the net interest rate margins of the euro area banks using quarterly consolidated bank level … policy rates. The econometric results confirm the effect of the interest rate level on bank profitability and, in some … specifications, also suggest an additional negative effect on bank profitability in the period of negative euro area short …

The paper examines the bank lending activities of banks in a low interest rate environment. External financing of small …- and medium-sized enterprises in the euro area primarily takes place via bank loans and not through capital markets. Based … on the Bankscope database, bank balance sheet data is utilized. Control variables are included, such as for the system of …

interest margin (NIM) and its components, retail lending and retail deposit rates. Using two proprietary bank-level data sets …

In June 2014 the ECB became the first major central bank to lower one of its key policy rates to negative territory … by using individual bank data for the euro area to identify possible adjustments by banks triggered by the introduction … of negative interest rates through three channels: government bond holdings, bank lending, and wholesale funding. We find …

The paper focuses on the estimation of the effective lower bound for the Czech National Bank's policy rate. The … costs to the bank profitability. Overall we get a mean value slightly below -1%, approximately in the interval (-2.0%, -0 … deliver monetary policy easing similar in its effects to the impact of the Czech National Bank's exchange rate commitment …