TLTRO III, aiming to facilitate the flow of bank credit to the real economy. The new conditions encouraged an unprecedented … level of take-up of the Eurosystem’s refinancing operations by credit institutions. In the case of Spain, all participating …

. • Nonetheless, macroprudential and regulatory measures were implemented to keep credit growth in check and encourage only lending to …

, although some indicators have worsened. Furthermore, to keep credit growth in check and encourage more widespread use of the …

This paper examines the relationship between central bank funding and credit risk-taking. Employing comprehensive bank …-firm-level data from the German credit registry during 2009:Q1-2014:Q4, we find that borrowing from the central bank is associated …

above the threshold. Therefore, it can be concluded that monetary policy can influence credit supply of banks depending on …

This paper uses a unique dataset where credit rejections experienced by euro area firms are matched with firm and bank … characteristics. This allows us to study simultaneously the role that bank and firm weakness had in the credit reduction observed in … the euro area during the sovereign debt crisis, and in credit developments characterising the post-crisis recovery …