As the euro area has a predominantly bank-based financial system, changes in the composition and strength of banks … developments in banks’ balance sheets, profitability and risk-bearing capacity and analyses their relevance for monetary policy. We …

As the euro area has a predominantly bank-based financial system, changes in the composition and strength of banks … developments in banks' balance sheets, profitability and risk-bearing capacity and analyses their relevance for monetary policy. We …

percent less cyclical than other local banks. The result is credit supply-side driven and especially strong for savings banks … on financial stability and the real economy. We investigate the cyclicality of SME lending by local banks with vs … credit demand-side factors. The public mandate is set by local governments and stipulates a deviation from strict profit …

Many economists argue that the primary economic function of banks is to provide cheap credit, and to facilitate this … function, they advocate the strict protection and enforcement of creditor rights. But banks can serve another important … to market equilibria in which cheap credit is inappropriately emphasized over project screening. Restrictions on …

generated from social experiments associated with these credit programs, and from the difficulty in finding valid instrumental … by treating the choice of participating in credit programs in a sample of Bangladeshi households and villages as …